Margaret will receive an insurance settlement of $3,000,000 in five years. Randall is willing to give her a lump sum today in return for the payment in five years. If current interest rates are 12% per year, how much will Margaret receive today?
A) $960,637
B) $1,702,281
C) $1,116,790
D) $1,800,000
B
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When a trained person is recording the items selected in a grocery cart or basket, the research method is known as:
A) observation. B) survey research. C) focus study. D) secondary data collection. E) personal interviews.
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2019. Regarding the date of record, which of the following statements is TRUE?
A) No journal entry is made on the date of record. B) The liability must be recorded on the date of record. C) Cash is disbursed to shareholders on the date of record. D) The company transfers cash to a brokerage firm on the date of record.
Using the weighted average method, with W1 = 0.5, W2 = 0.3, and W3 = 0.2, compute the forecast for Week 5 with the following data.
A. 93
B. 96
C. 98
D. 100
Residual income should be used to evaluate an investment center rather than a cost or profit center.
Answer the following statement true (T) or false (F)