What is the present value of the following perpetuities?
a. $200 per year discounted at 6% annually
b. $500 per year discounted at 9% annually
c. $1,000 per year discounted at 5% annually
d. $550 per year discounted at 8% annually
What will be an ideal response?
a. $3,333.33
b. $5,555.56
c. $20,000.00
d. $6,875.00
You might also like to view...
Perlis Inc. has been asked by Salont Corporation to conduct a green audit of the company's environmental practices. Write a short report in the expanded letter format detailing the findings and recommendations of the green audit.
What will be an ideal response?
When uncertainty is high, plans should be ________ and ________.
A. specific; flexible B. directional; standing C. short-term; directional D. general; informal
Trevor and Brian enter into a partnership and decide to share profits and losses as follows:
1. The first allocation is a salary allowance with Trevor receiving $10,000 and Brian receiving $20,000. 2. The second allocation is 20% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Trevor and Brian are $50,000 and $40,000, respectively. 3. Any remaining profit or loss is allocated equally. For the year ending December 31, 2019, the partnership reported net income of $50,000. Required: 1. Calculate the share of profit allocated to each partner. 2. Prepare the journal entry to record the allocation of profit on December 31, 2019.
The Miranda rights, to be read to a criminal suspect before he or she is interrogated by the police or other government officials, do NOT include:
A. You have the right to remain silent. B. You have the right to make one telephone call to a relative. C. You have the right to consult a lawyer and to have a lawyer present with you during interrogation. D. If you cannot afford a lawyer, a lawyer will be appointed free of charge to represent you.