Calculate the present value of each scenario using an 8% annual discount rate. Round to nearest whole dollar.

Carolyn Fields has just won the state lottery. The state offers the following three payout options for after-tax prize money:



1. $50,000 per year at the end of each of the next six years

2. $300,000 (lump sum) now

3. $400,000 (lump sum) six years from now




Business

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The obligation you have to perform the tasks assigned to you is called   

A. responsibility. B. accountability. C. delegation. D. authority. E. position power.

Business

Which of the following is not a building block for Business Process Modeling Notation (BPMN) diagrams?

A. Associations. B. Gateways. C. Sequence flows. D. Events.

Business

An employee who lost a toe in an industrial accident, but is not disabled as a result, would not be entitled to any compensation for the loss

Indicate whether the statement is true or false

Business

Which of the following statements concerning a firm's degree of financial leverage (DFL) is correct?

A. The DFL affects the earnings before interest and taxes of the firm. B. The DFL is defined as the percentage change in net operating income that results from a given percentage change in sales. C. A lower DFL suggests that higher risk is associated with the firm's normal operating activities. D. The DFL directly affects the operating section of the income statement. E. A higher DFL suggests that higher risk is associated with the firm's mix of debt and equity financing.

Business