Answer:
Answer is $6,079,058.25
Explanation:
This is a simple present value problem.
Present value of annuity shows the worth of annual payments which is present.
As per the given statement, grand prize of lottery is $10 million. This is payable over 20 years at $500,000 per year. The interest rate is 6%.
To find the real worth of the grand prize, each $5 million payment must be "brought back" to their current value at a 6% per year rate.
N = 20; PMT = 500,000; FV = 0 ; I = 6% ; Payments in BEGIN mode.
PV= Cash flow/ (1+rate of return) to the power n
PV will be addedc exponential power 20 times giving answer as $6,079,058.25
Hence, PV = $6,079,058.25
Answer:
When Andrew sent his acceptance on Wednesday a contract was formed.
Explanation:
Andrew had recieved the offer on Monday and accepted on Wednesday, although Billy sent a revocation on Tuesday.
The onus for Andrew to receive the revocation on time is on Billy, a faster means should have been taken to notify Andrew of the revocation.
So the contract was formed on Wednesday when Andrew accepted the offer.
Answer:
a. $12,925.
Explanation:
the inventory cost by the first-in, first-out method are $12,925.
I think it is false hopefully it is right
Answer: See explanation
Explanation:
1. What type of fraud is Jill committing?
The fraud that Jill is committing is known as theft of cash through fraudulent disbursements. In this case, Jill is using a register disbursement scheme which involves false voids of customer sales. During the time of sale, a record is made and another record is then created again which is used for the false void.
2. What could the florist do to prevent this type of fraud from occurring?
To prevent this fraud, a receipt should be attached and the florist should make sure that every vital information about all sales are collected such as customers name, time, amount of goods bought, signature and f customers etc