As a result of a slowdown in operations, Global Stores is offering employees who have been terminated
Question:
As a result of a slowdown in operations, Global Stores is offering employees who have been terminated a severance package of $118,000 cash, another $129,000 to be paid in one year, and an annuity of $27,500 to be paid each year for six years beginning in one year. What is the present value of the package, assuming an interest rate of 5 percent?
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
118000 118000 12...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $ 100,000 cash; another $ 100,000 to be paid in one year; and an...
-
As a result of a slowdown in operations, Mercantile Stores is offering employees who have been terminated a severance package of $118,000 cash, another $129,000 to be paid in one year, and an annuity...
-
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $100,000 cash paid today; $50,000 to be paid in one year; and an...
-
Using the data provided in BE19-21, determine the ending balance of the plan assets and indicate the funded status of the plan at the end of the year under U.S. GAAP. In BE19-21 Armando Hernandez...
-
Liz had AGI of $130,000 in 2015. She donated Bluebird Corporation stock with a basis of $10,000 to a qualified charitable organization on July 5, 2015. a. What is the amount of Liz's deduction...
-
A driver was stopped in traffic when he noticed a bicyclist riding quickly between the lanes of cars. To deter the bicyclist from continuing such dangerous behavior, the driver opened his car door as...
-
Describe the similarities and dissimilarities among the following types of creditors: secured creditors, unsecured creditors, and preferred creditors.
-
The 2014 accounting records of Blocker Transport reveal these transactions and events. Instructions Prepare the cash flows from operating activities section using the direct method. Payment of...
-
4. 5. In which of following conditions a real gas would behave ideally? (a) Low pressure and low temperature ha (b) At value of temperature equal to its Boyle's temperature (c) Between its critical...
-
Knowing that the tension in rope AC is 365 N, determine the resultant of the three forces exerted at point C of post BC. 500 N 25 24 L= 1460 mm 200 N 1100 mm -960 mm-
-
What is the present value of 10 equal payments of $15,000 with an interest rate of 10 percent?
-
You plan to retire in 10 years. Would it be better for you to save $27,500 a year for the last five years before retirement or $16,250 for each of the 10 years? You are able to earn 9 percent...
-
Why do we say that deposits are liabilities of banks?
-
A marble is shot across a smooth wooden floor so that the marble both rotates about a horizontal axis and slides. If at a certain instant the marble's rotational kinetic energy equals the...
-
A 12-kg cylinder of radius \(0.10 \mathrm{~m}\) starts at rest and rolls without slipping down a ramp that is \(6.0 \mathrm{~m}\) long and inclined at \(30^{\circ}\) to the horizontal. When the...
-
A child runs in a straight line tangent to a playground carousel, jumps on, and holds tight as the carousel begins to rotate. Which of the following statements is correct for this collision? (a) The...
-
A yo-yo is composed of two disks of radius \(a\), with many layers of string wrapped around the axle. The radial distance from the center of the axle to the top layer of string at any instant is...
-
You are building a pool table and want the design to be such that any ball that rolls into one of the side rails without slipping bounces off the rail and rolls away in another direction, again...
-
Talia owns a small public relations firm and wants to contract with her insurance provider to offer her employees the option to purchase short-term disability insurance. The insurance will pay out...
-
Find the cross product a x b and verify that it is orthogonal to both a and b. a = (t, 1, 1/t), b = (t 2 , t 2 , 1)
-
In Problems use formula (2) for the amount to find each of the indicated quantities. A = $6,608; r = 24%; t = 3 quarters; P = ? Formula 2 A = P + Prt = P(1 + rt)
-
a. How does the rate earned on total assets differ from the rate earned on stockholders equity? b. Which ratio is normally higher? Explain.
-
a. Why is the rate earned on stockholders equity by a thriving business ordinarily higher than the rate earned on total assets? b. Should the rate earned on common stockholders equity normally be...
-
a. Why is the rate earned on stockholders equity by a thriving business ordinarily higher than the rate earned on total assets? b. Should the rate earned on common stockholders equity normally be...
-
Project managers should track the details of their projects to be transparent and manage risks as they arise. What is another benefit of tracking in project management?
-
During 2020, Nike disposed of a machine that had been acquired on January 1, 2014 for a purchase price of $20 million. The machine was being depreciated using the straight-line method, a $4 million...
-
LeBlanc Corp. uses the periodic inventory system and has the following selected information available at its 12/31/X4 year-end: Description Amount Inventory at 1/1/X4 $ 20,000 Inventory at 12/31/X4...
Study smarter with the SolutionInn App