The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years. With a discount rate of 12%, what is the present value of your winnings?
A) $221,950
B) $398,150
C) $373,450
D) $392,150
Answer: C
Explanation: C) PVIFA 7.469 × $50,000 = $373,450
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An oil tanker crashes off the coast of California. It dumps millions of gallons of oil into the ocean. Environmental experts estimate the damages at approximately $100 million dollars. During the investigation of the crash, it is suspected that the ship's captain was intoxicated while piloting the ship, and it was this negligence that led to the crash. Is the ship owner liable for the damages? Why or why not? What affect might the captain's negligence have on the amount of the owner's liability, if any?
What will be an ideal response?
Risks that remain after the implementation of new or enhanced controls are called
A) implementation risks. B) planning risks. C) residual risks. D) design risks.
Thomas Bernerd, Inc.Thomas Bernerd, Inc., manufactures and sells reclining furniture. The company currently operates in the United States but wishes to expand overseas. The company managers have been contemplating the best way to enter the foreign market. At first, the management felt it would be in the company's best interest to let a foreign company use its product and brand in exchange for a royalty. The managers recognized, however, that before the company decided on its foreign strategy it needed to think through all the steps required to enter an international market. As such, the managers believed they needed to consult with some type of agency to help their firm compete more effectively in the global marketplace.After all the research was completed, the senior managers realized
that they wanted to export their product. The managers decided that the transport carrier would notify them when the merchandise was shipped. This would avoid any confusion about lost shipments and ensure better communication with the receiving parties. ? Refer to Thomas Bernerd, Inc. Initially, the managers believed that ____ would be the best option for entering the foreign market. A. exporting B. creating a joint venture C. licensing D. establishing a strategic alliance E. a merger
Which of the following would be used to record the property taxes on a factory building?
A. Manufacturing Overhead would be debited. B. Raw Materials Inventory would be debited. C. Work in Process Inventory would be debited. D. Manufacturing Overhead would be credited.