$630,000.00. The income statement should report the service income as the amount received in cash in 2019, which is $630,000. The remaining $70,000 will be raised in 2020 and is not expected to be included in the 2019 income statement.
What is a income statement?
The income statement, also known as the income statement, is a financial document used to track a company's income and expenses over a period of time. It is used to measure a company's financial performance and provides investors and analysts with insight into operations. The income statement is one of the three main financial statements that a company uses to report its financial performance. The other two financial statements are the balance sheet and cash flow statement . The income statement summarizes a company's income, expenses, profits and losses over a period of time, usually quarterly or annually. The income statement helps users understand a company's financial performance over a period of time and provides insight into the company's ability to generate profits.
The $10,000 collected prior to delivery of goods/services should not be counted as service revenue.
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suppose the maximum risk value for a particular client is 0.4. what is the optimal allocation of investment funds among stocks, bonds, mutual funds, and cash? what is the annual rate of return and the total risk for the optimal portfolio?
As the maximum risk value for the particular client is 0.4, the optimal allocation of investment funds among stocks, bonds, mutual funds, and cash would depend on several factors, such as the client's investment .
What is maximum risk Value ?It is impossible to calculate the ideal allocation of investment funds or the annual rate of return and total risk for the ideal portfolio without detailed information on these aspects and the anticipated returns and hazards of the individual investments. Depending on the particular investments and market conditions, the risk-return tradeoff and allocation of investment funds will change.It is crucial to remember that choosing the best investment portfolio requires careful consideration of a number of variables and entails making decisions based on the particular circumstances and objectives of the client. The customer can benefit from guidance from a seasoned financial advisor or investment professional in making educated judgements and choosing the best distribution of investment assets.To know more about maximum risk value , check out :
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he component of the project management plan that describes how project costs will be planned, structured and controlled is called the project financial plan. a. true b. false
It is true that the component of project management plan that describes how project costs will be planned, structured and controlled is called project financial plan.
What is project management?Managing a team's work to fulfil all project goals within the given constraints is the process of project management. Budget, time, and scope are the three basic constraints. The other issue is how to distribute the required inputs as efficiently as possible while still achieving predetermined objectives. The objective of project management is to deliver a finished product that satisfies the client's objectives. Project management frequently aims to change the client's brief in order to more successfully accomplish the client's goals. A project is a brief, unique endeavour that has a specified start and end and is undertaken to accomplish specific goals and objectives, typically to affect positive change or contribute value.
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a 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its price. the price elasticity of demand for spinach is
The price elasticity of demand for spinach is -2.
What is elasticity of demand?Elasticity of demand is a measure of the responsiveness of the quantity demanded of a good or service to a change in its price. It provides insight into how changes in price affect the quantity of a good or service that consumers are willing and able to purchase.
How is elasticity of demand calculated?Elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. The resulting value can be positive, negative, or zero, indicating that demand is elastic, inelastic, or unit elastic, respectively. Elasticity of demand can also be calculated for other factors that affect demand, such as income or the price of related goods.
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suppose a firm manager converts 65% of his available factory space in to an indoor playground for neighborhood children. the implicit cost of this decision is
The value of the next-best option for the space is the decision's implicit cost.
Implicit costs are any costs that have already occurred but aren't always shown or recorded as separate items. It is an opportunity cost that arises when a company commits internal resources to a project without obtaining any direct compensation for doing so. This suggests that whenever a corporation allocates its resources, there is never a financial transaction because it always forgoes the opportunity to make money from using those resources in another way. Simply put, utilising an asset rather than renting it or buying it has a cost attached to it.
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the sales price of a property is $150,000 and it appraised for $151,000; the borrower has obtained an 80% ltv loan and will pay two discount points. what is the total cash the borrower needs to bring to the closing?
The term cash flow alludes to the net measure of endlessly cash counterparts being moved all through an organization. Hence, the total cash the borrower needs to bring to the closing will be $26,364
The loan amount is calculated as 80% LTV of the appraised value, which is 80% of $151,000 = $120,800.
The total loan amount including the two discount points is $120,800 + (2 * $120,800 * 0.01) = $123,636.
So, the borrower needs to bring the difference between the sales price and the loan amount to closing, which is $150,000 - $123,636 = $26,364.
Cash flow is how much money that comes in and leaves an organization. Organizations accept in cash from deals as incomes and burn through cash on costs. They may likewise get pay from revenue, speculations, sovereignties, and permitting arrangements and sell items using a loan, hoping to really get the money owed at a late date. Surveying the sums, timing, and vulnerability of incomes, alongside where they start and where they go, is one of the main targets of monetary detailing. It is fundamental for evaluating an organization's liquidity, adaptability, and generally monetary execution.
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When an economy produces more smartphones and fewer cars, it is answering the?
When an economy produces more smartphones and fewer cars, it is answering the 'what' question.
What is an economy?
A complex system of linked trading, consumption, and production activities make up an economy, and it ultimately decides how resources are distributed among all the players. The requirements of persons who live and work inside the economy are met by the creation, consumption, and distribution of products and services. A country, a region, a single industry, or even a family may be represented by an economy. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it. Each change as a result of the individuals' decisions and behaviours. These choices are decided using a combination of collective or hierarchical decision-making and market transactions.
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environmental scanning and competitor intelligence provide important inputs for forecasting activities. group of answer choices true false
True. Environmental scanning and competitor intelligence provide important inputs to forecasting activities. Environmental scanning involves monitoring external factors that can affect a company's operations, such as changes in technology, consumer preferences, or regulations. Competitor intelligence involves gathering information about a company's competitors, including their strengths and weaknesses, product offerings, and market strategies. This information can help a company better understand current and future markets, enabling it to make informed predictions and adapt its strategy accordingly.
Environmental Scanning is a process of monitoring, evaluating, and disseminating information from the external environment and internal to important people within the company. The aim is to identify the strategic factors — the external and internal elements that will determine the future of the corporation.
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which of these is not part of the promotional mix? a. direct selling b. sales promtoion c. advertising d. none of the above
Price is not part of the promotional mix. Atmospherics is not an element of the promotional mix.
What are the four different kinds of promotion mix?Four additional components are included in the promotion mix, which businesses use to achieve their marketing goals.The components are public relations, personal selling, advertising, and sales promotion.
What are some common ways to advance?The seven promotional categories include selling, sales promotion, online marketing, personal selling, uses salespeople to approach, public relations, and sponsorships.Businesses wanting to flourish over the long term have a lot to gain from promotional marketing.
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moral dilemmas faced by businesses include all of the following except: a. shared information can lead to identity theft. b. water pollution is a problem that challenges business and society. c. the transmission of information. d. information can be used for control, power, and manipulation.
All of the following are examples of moral conundrums corporations encounter, with the exception of water contamination, which is a problem that affects both business and society.
What difficulties do businesses now face?
It's not surprising that coronavirus limitations continue to be the top issue for businesses in the new year. Many may be shocked, though, to see that sustainability and the environment issues came in second with 22%.
Your people leaders can exercise their managerial abilities in real-world circumstances with workers by participating in the Management Challenge, a team-based leadership development activity.
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technological improvements will: a leave the production possibility curve unchanged. b shift the production possibility curve inward. c shift the production possibility curve outward. d necessarily lead to increased unemployment. e cause a movement from a point inside the curve to a point closer to the curve.
Technological improvements will b. shift the production possibility curve outward.
The development of new and improved techniques of creating commodities is referred to as technological change or advancement. Sometimes technical advancements result in an increase in available natural resource supply.
However, more broadly, technical advancements increase the productivity of labor, capital, and other resources. Total factor productivity refers to the productivity of all factors' combined inputs.
As a result, technological advancement implies an increase in total factor productivity. As technology advances, it is possible to generate more output with the same resources or the same quantity of product with fewer resources.
However, the question of how technological growth occurs arises. Technological development is achieved through inventions and innovations.
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while one european nation might experience a gain because of the high costs associated with the products it exports to another european nation, that second nation might experience a loss because it is trading fewer products that cost less. which characteristic of the mercantilist theory does this reflect?
A hallmark of mercantilist is a zero-sum game. Mercantilism was an economic trading system from the 16th century to his 18th century.
Mercantilism was based on the principle that world wealth was static, so governments had to regulate trade in order to build wealth and national power. Many European countries sought to capture as large a share of this wealth as possible by maximizing exports and limiting imports through tariffs.
Mercantilism was the dominant economic system from the 16th to the 18th century. Mercantilism was based on the idea that a nation's wealth and power were best financed by increasing exports and decreasing imports.
It is shaped by the belief that world wealth is static and that a nation's economic health is highly dependent on its supply of capital.
Because of the nationalistic nature of mercantilism, states often used military force to protect local markets and supplies.
Mercantilist was superseded by the economic theory of free trade in the mid-eighteenth century.
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private ownership a. permits owners to do anything they want with their property. b. permits anyone to use the property with or without permission, compensation or consideration for the owner. c. permits owners to buy, sell and derive income from their property. d. provides owners with little incentive to conserve for the future.
The correct answer is option c. Private ownership permits owners to buy, sell and derive income from their property.
A privately owned company is a type of company that is not publicly traded. It means that the privately owned company either does not have a share structure through which it can raise capital or that shares of that company are being held and traded without using any exchange.
Privately owned companies usually include-
family-owned businesses, sole proprietorships, and the vast majority of small and medium-sized companies.These types of companies are often too small to conduct an initial public offering (IPO) and they are tend to fulfil their financing needs by using personal savings, inherited money, and/or loans from banks.
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acb manufacturing purchased $6,000 of merchandise inventory from a vendor on account with credit terms of 2/10 or n/30. because some of the merchandise was damaged, acb manufacturing returned $1,000 of the merchandise two days later. acb manufacturing uses the perpetual inventory system and made payment for the merchandise, less the return, within the discount period. what is the final cost of the merchandise inventory for acb manufacturing from this purchase?
The total cost of this purchase's product inventory for cab production came to $4,900.
What would a journal entry for a credit for returning goods bought on credit under a perpetual inventory system look like?The buyer's journal entry to document the return of goods acquired on account contains a d) credit to inventory when using a perpetual inventory system. According to the perpetual inventory system, when inventory is purchased, accounts payable is credited and inventory is debited.
Which of the following accounts do you normally see on a balance sheet for a retail business but not on one for a service business?The price of goods that are available to be sold to clients for a profit or markup is referred to as merchandise inventory. Due to their main line of business being the purchase and sale of tangible products or inventories, merchandising businesses have this account on their balance sheet.
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an effective customer value proposition meets which three criteria?
The three requirements are It clarifies points of distinction, it is pertinent, and it provides a list of particular advantages.
What is the full meaning of customer?client definition A customer is an individual or company who makes a purchase from another company. Customers are essential because they produce income. Businesses could not continue to run without them.
Who is a customer example?Every person or organization that has purchased services or products from a business is considered a customer. You represent a business's consumer every time they pay an invoice or make a purchase there. There are three primary sorts of clients in general.
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how can a country gain from specialization and trade?
Countries can gain from trade and specialization wherever there are disparities in the opportunity costs of production. Specialization has advantages for consumers, the economy, and growth prospects for industries that are competitive.
What benefits do commerce and specialization provide for nations?This exchange generates trade benefits as nations specialize. As a result of specialization, more goods and services can be produced, productivity improves, production can move beyond a country's production potential curve, and resources can be utilised more effectively.
How might trade and specialization benefit us?By enabling more efficient use of production inputs like labor and capital, trade expansion increases total productivity. Businesses in the United States that expand as a result of improved access to international markets foster more job possibilities.
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solarcell corporation has $20,000 that it plans to invest in marketable securities. it is choosing between at
Solarcell Corporation should invest in the State of Florida municipal bonds, yielding 8% after taxes. The correct answer is B.
This is because they have the highest after-tax yield compared to AT&T bonds (6.6%) and AT&T preferred stock (7.92%).
AT&T bonds yield 11%, but after paying 40% in taxes, the after-tax yield is 6.6% ($2,200 interest * 60% after taxes/$20,000 investment).
AT&T preferred stock has a 9% dividend yield, but after paying taxes on 70% of it, the after-tax yield is 7.92% (9% - 1.08% in taxes). Thus, Florida muni bonds offer the highest after-tax yield of 8% and Option B holds true.
This question should be provided as:
Solarcell Corporation has $20,000 which it plans to invest in marketable securities. It is choosing between AT&T bonds which yield 11%, State of Florida municipal bonds which yield 8%, and AT&T preferred stock with a dividend yield of 9%. Solarcell's corporate tax rate is 40%, and 70% of the preferred stock dividends it receives are tax exempt. Assuming that the investments are equally risky and that Solarcell chooses strictly on the basis of after-tax returns, which security should be selected? Answer by giving the after-tax rate of return on the highest yielding security.
a. 8.46%b. 8.00%c. 7.92%d. 9.00%e. 9.16%Learn more about marketable securities brainly.com/question/30268448
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the most common business organizations in the united states are
The most common business organization in the United States is the sole proprietorship.
A sole proprietorship is a form of business that can be owned and operated by an individual, a corporation, or a limited liability partnership. In this form of business, there are no business partners. It is the simplest form of business organization and is not a legal entity.
The following describes the legal position of a sole proprietorship: It shares the same legal status as the business owner. A sole proprietorship offers two key benefits, including less paperwork and affordable startup fees.
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Suppose that there are 10 million workers in Canada and that each of these workers can produce either 2 cars or 30 bushels of wheat in a year.What is the opportunity cost of producing a car in Canada? What is the opportunity cost of producing a bushel of wheat in Canada? Explain the relationship between the opportunity costs of the two goods
The opportunity cost of making a vehicle in Canada is 30 bushels of wheat, while the opportunity cost of making a bushel of wheat in Canada is 1/15 of a car for every bushel of wheat (2 automobiles for every 30 bushels).
What is opportunity cost?Opportunity cost is the price of forgoing an option in favour of taking a specific course of action or making a particular choice. When a certain course of action or choice is chosen, the second-best option is foregone. The value of the best alternative that is not selected is represented by opportunity cost, which calculates the cost of an opportunity in terms of the next best option. By weighing the advantages and disadvantages of numerous possibilities and identifying the most effective use of resources, opportunity cost aids people and organizations in making educated decisions. It is an important economics concept that enables people and organisztions to make trade-offs and allocate resources efficiently.
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Edith is the owner and manager of a small coffee shop that employs three workers who use the shop's one coffee machine to make and serve coffee to paying customers. Business has begun to pick up lines are getting longer every day in her shop. On a busy morning, she sees her baristas scrambling to take orders, get cups, fill coffee from the coffee machine, add cream and sugar, and serve customers in a timely manner. She figures if she hires three more baristas she'll be able to sell twice as much coffee. Do you think she's likely to be right? Why or why not?
Adding more and more workers does not constantly increase production because of the diminishing marginal product of labor i.e. Option 2 is correct.
It is not certain whether Edith's assumption that hiring three more baristas will result in her shop being able to sell twice as much coffee. While having more workers may help to improve efficiency and reduce lines, there are several factors that can impact the overall sales and success of the coffee shop.
For example, simply adding baristas may not solve the underlying issue if the coffee machine is the bottleneck in the process. In that case, buying a new machine or upgrading the existing one could be a more effective solution. Additionally, the ability of the shop to sell more coffee could be limited by other factors such as demand, customer preferences, and competition.
Furthermore, hiring more baristas will also result in increased expenses such as wages, training, and benefits, which must be considered in order to determine the overall impact on the shop's profitability.
In conclusion, while adding baristas may help to improve the efficiency of the coffee shop, the impact on sales and overall success is not certain and would require a more comprehensive analysis of the business operations and factors affecting sales.
The adjustment of result that happens when you add another unit of work to the labor force is known as the marginal product of labor (MPL) in economics
It is a quality of the creation capability and is dependent on the current degrees of work and actual capital.
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Complete Question -
Edith is the owner and manager of a small coffee shop that employs three workers who use the shop's one coffee machine to make and serve coffee to paying customers. Business has begun to pick up lines are getting longer every day in her shop. On a busy morning, she sees her baristas scrambling to take orders, get cups, fill coffee from the coffee machine, add cream and sugar, and serve customers in a timely manner. She figures if she hires three more baristas she'll be able to sell twice as much coffee. Adding more and more workers does not constantly increase production because of _______
SELECT THE CORRECT ANSWER
1. different productivity levels between various laborers.
2. diminishing marginal costs.
3. diminishing marginal product of labor.
4. substitutes in production.
can i get an advance on my tax refund if i already filed
If you have already filed your tax return, you are eligible to receive an advance on your refund.
What options are available to receive a refund advance?A tax refund loan, a tax refund advance check, or a return anticipation loan are some of the ways you might acquire an advance on your refund. However, bear in mind that these choices could involve fees and high interest rates, so it's crucial to weigh the costs and advantages before making a decision. Furthermore, keep in mind that receiving an advance on your refund entails borrowing against it, which means you'll have less money available when the refund really arrives.
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Yes, you can get an advance on your tax refund if you've already filed. This is known as a "tax refund loan" or "tax refund advance". However, keep in mind that these types of advances usually come with fees and interest charges, and they may also require a credit check.
What is tax refund?Refunds of taxes are typically cause for celebration. In actuality, though, they frequently imply that you overpaid your income taxes. You will receive a refund from the federal or state governments for any excess funds you paid to them. By accurately completing employee tax forms and estimating or revising deductions, you can prevent overpaying.
Taxpayers may receive refunds for a variety of reasons or may even owe the government money in some circumstances. When you started working for an employer, you had to complete a W-4 form. You specified on the form how much tax was to be deducted from each paycheck.
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explain the major options available to a bank that is short of reserves. what determines which option a bank is likely to choose
The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves.
Bank Reserves are the actual paper currency that must be retained by the bank in a local vault or in an account with the government's main bank.
Banks that are short on reserves have five main options:
(1) Use the federal funds market to borrow;
(2) Take out a loan at the discount window from the Fed.
(3) market a few securities,
(4) lower the amount of unpaid debt,
(5) release a few CDs
The decision a bank makes is influenced by its financial situation. Because they can borrow at a lower discount rate in the federal funds market or from the Federal Reserve, banks with strong financial standing are more likely to do so.
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according to the case, what were some of the benefits of the geographic and product-specific sales force strategy (choose all that apply)? group of answer choices minimized sales force turnover offered customers highly knowledgeable sale pepole. none of the above
Knowledgeable sale pepole were some of the benefits of the geographic and product-specific sales force strategy. By setting up your sales force according to geography or territory, each salesperson can become knowledgeable about a certain region.
They can cultivate relationships with neighbourhood businesses strategy, learn about local rivals, and keep tabs on target accounts.A great sales structure improves coordination and communication, clarifies roles and responsibilities for each employee, and cultivates a more knowledgeable product sales team. Together, these factors result in less disagreement among team members and greater customer involvement. There are unique advantages that each of China's 17 provinces possesses known as geographic advantages. Each province has one geographic advantage.
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The process of transferring the debits and credits from the journal entries to the accounts is calledA. slidingB. transposingC. posting
Posting is the act of moving the debits and credits from the accounts to the journal entries.
What steps are involved in moving a diary entry?Posting entails transferring the entries from the ledger to the original entry books (journal). In order to provide a meaningful conclusion and advance the accounting process, posting is the act of gathering all transactions pertaining to a specific account in one location.
What steps constitute a transfer?When a seller and buyer transact (the asset is moved from the seller's custodian to the buyer's), when an asset owner switches brokerage firms, or when an asset owner moves assets between one or more brokerage accounts they control, transfer processes are utilized.
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the amount, in dollars, of clarence's savings account can be represented by the expression 6x 150. clarence saved the same amount x each month for a period of 6 months. his grandmother contributed an additional amount each month to clarence's savings account. how much did his grandmother contribute each month?
Clarence grandmother contributed 7x88 each month into his savings account.
What is savings account?At a retail bank, a savings account is a checking account. Common characteristics include a cap on withdrawals, a lack of check and connected debit card facilities, a lack of transfer alternatives, and a prohibition on going overdrawn. A savings account is a fundamental kind of financial product that lets you deposit money and often earns a little amount of interest. These accounts offer a safe location to keep your money while earning interest and are federally insured up to $250,000 per account owner. The part of money left over after paying for current expenses is saved. To put it another way, it is cash that is held aside for later use rather than being spent right away.
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Marius has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and action sequences the company should take to offset competitive challenges. Marius will be implementing.
a. operational management.
b. transactional management.
c. management by objectives.
d. process mapping.
e. strategic management.
He is entrusted with figuring out what objectives, guidelines, and course of action the business should follow to counteract challenges from the competition. Marius will be putting these ideas into practice. The right response is (E) strategic management.
What strategic management procedure can modify corporate objectives and goals?The process of choosing the optimal course of action for achieving organizational goals and, by extension, realizing the purpose of the organization is known as strategy formulation. The creation of corporate, business, and functional strategy follows environment assessment by managers.
The action phase of strategic management is referred to as what?Strategic implementation is the process of putting plans and strategies into action to focus on achieving anticipated organizational goals. It is also known as the strategic management process' action phase.
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Salary Payable at the beginning of the month totals $ 26 comma 000$26,000. During the month, salaries of $ 130 comma 000$130,000 were accrued as expense. If ending Salary Payable is $ 16 comma 000$16,000, what amount of cash did the company pay for salaries during the month?
In the example case, the corporation spent $134,000 in cash on salaries for the month.
What are the expenses in accounting?In accounting, the money being spent and the expenses incurred by a business in search of revenue are referred to as expenses. Simply explained, account expenses are particular company with a company's operation that collectively enable the steps necessary to produce profit.
beginning of the pay period = $20,000
accumulated salary costs for the month = $130,000
Payable final salary = $16,000
Salary payments made during the month are calculated as follows:
Salaries paid equal (Starting salary plus accrued salary expense) minus the final salary owed.
= (20,000 + 130,000) - 16,000
=$134,000
Consequently, $134,000 in salary were paid out during the month.
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2.37 a no-load (commission-free) mutual fund has grown at a rate of 11% compounded annually since its beginning. if it is anticipated that it will continue to grow at that rate, how much must be invested every year so that $15,000 will be accumulated at the end of five years?;
Jackson must invest $2,414.45 every year for the next 5 years to accumulate $15,000 at the end of the 5-year period at a 11% annual interest rate.
To calculate the amount that must be invested every year to accumulate $15,000 in 5 years, we can use the future value formula for an annuity:
FV = Pmt x (((1 + r)^n - 1) / r)
where FV is the future value, Pmt is the amount invested every year, r is the annual interest rate, and n is the number of years.
We can use the given information to find the annual interest rate, which is 11%. We can also use the future value formula to find the present value of the $15,000 that we want to accumulate in 5 years:
PV = [tex]FV / (1 + r)^n[/tex]
PV = 15000 / [tex](1 + 0.11)^5[/tex]
PV = $8,312.19
This means that we need to invest $8,312.19 now so that it will grow to $15,000 in 5 years at a 11% annual interest rate.
Now, we can use the future value formula for an annuity to find the amount that must be invested every year:
FV = Pmt x [tex](((1 + r)^n - 1) / r)[/tex]
$15,000 = Pmt x [tex](((1 + 0.11)^5 - 1) / 0.11)[/tex]
Pmt = $2,414.45
Therefore, Jackson must invest $2,414.45 every year for the next 5 years to accumulate $15,000 at the end of the 5-year period at a 11% annual interest rate.
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what are the three primary activities of a business?
Operating, investing, and financing are the three basic categories of business activity. The cash flow statement includes a list of the cash flows that each of these operations used and produced.
What constitutes a primary business activity?The value chain, which extends from inbound resources to production processes, outbound items and their distribution, the "far end of the value chain," marketing and sales, and customer care and after-sales services, is what constitutes primary activities.
How many major activities exist?Primary, secondary, and tertiary industries make up the bulk of the Indian economy. The primary sector of the economy is the one that directly utilises natural resources. Mining, forestry, agriculture, fishing, and oil and gas extraction are among the main pursuits.
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a condition of a product or process design that remains relatively stable, with minimal variation, even though factors that influence operations or usage vary is called
A design characteristic of a product or process that persists with little alteration despite operational or usage-related variables
What is variation ?A deviation from a recognised norm may be crucial. A doctor may be alerted to the possibility of a heart attack by a change in the pattern of the patient's heartbeat, for instance. Temperature variations from expected ranges show that global warming is causing a change in our climate. However, not that all variation is unfavourable. One characteristic that makes every puppy individually appealing is the enormous variance in coloration of dogs, even between breeds. Any difference among cells, individuals, or organism groups of the any species that results from genetic variations is referred to as variety in biology. Physical characteristics, metabolism, fertility, method of reproduction, behaviour, learning , mental capacity, and other evident or quantifiable features can all vary.
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b. explain why there is a difference between the present value of the strayer lottery jackpot and the future value of the 26 annual payments based on your calculations and the information provided.
The present value of the Strayer lottery jackpot and the future value of the 26 annual payments are different due to the time value of money.
What is Strayer Lottery ?Money received today is worth more than the same amount received in the future, according to the time value of money theory. This is so that money earned today, as opposed to money received in the future, can be invested and earn a return. As a result, in order to calculate the present value of money, the future worth of money must be discounted.Therefore, the difference between the present value of the jackpot and the future value of the 26 annual payments is due to the different time frames in which the money is received and the impact of the time value of money on the value of the payments. The present value of the jackpot is lower because the money will be received all at once and the future value of the payments is higher because the payments will be received over a longer period of time and therefore have a greater value.To know more about Jackpot , check out :
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