Norton is going to receive a graduation present of $9,000 from his grandparents in 4 years. If
Question:
Norton is going to receive a graduation present of $9,000 from his grandparents in 4 years. If the discount rate is 8%, what is this gift worth today?
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Computation of the Present Value Given informat...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Question Posted:
Students also viewed these Accounting questions
-
Hi Tech University is going to receive a $3 million grant from the National Hockey Association in December of 2020 to develop an effective neck brace to prevent injuries in its non-goalie hockey...
-
If the discount rate on a proposed investment is raised, what happens to its present value? Why?
-
Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund that earns 8.5 percent each year. How much money can she collect in three years?
-
Suppose the money supply is $250 million dollars and the demand for money is given by Qm D = 400 - 40i, where Qm D is in millions of dollars. A. What is the equilibrium interest rate in this economy?...
-
Use the two graphs in Figure 9 to approximate R = {(x, y): 0 ( x ( 4, 0 ( 4, 0 ( y ( 4} f(x, y) dA 46 42 40 40 35 30 15 40 36 34 32 6 32 28 22 24 25 281
-
The Nelson partnership begins business on July 17, 2018. It is not able to use business purpose to support a tax year. The four partners, their interests in partnership capital and profits, and their...
-
A \(100 \mathrm{MW}\) ocean thermal gradient power plant is to be designed for a location where the ocean surface temperature is \(300 \mathrm{~K}\left(80^{\circ} \mathrm{F} ight)\) and water at a...
-
Organic Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Organic Life Co: Common stock (250,000 shares authorized), $125 par,...
-
What are the key differences between monolithic and microkernel architectures in operating systems, and how do they impact system performance, scalability, and reliability ?
-
For the five-spring assemblage shown in Figure P2-17, determine the displacements at nodes 2 and 3 and the reactions at nodes 1 and 4. Assume the rigid vertical bars at nodes 2 and 3 connecting the...
-
Clyde had worked for many years as a chef executive of Red Industries INC and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated. Clyde and Red...
-
1. What facts, according to Mickens, supported her claim that The Pawn Store had committed conversion? 2. Why did Mickens appeal the trial courts judgment to the Court of Appeals? 3. Why did the...
-
A savings and loan averages about $100,000 in deposits per week. However, because of the way pay periods fall, seasonality, and erratic fluctuations in the local economy, deposits are subject to a...
-
You are considering a project that will require an initial outlay of $64,200. This project has an expected life of 5 years and will generate after-tax flows to the company as a whole of $20,608 at...
-
Provide both leftmost and rightmost derivation and a parse tree for this statement using the given grammar: A = B (A + (B * C)) --> = --> A | B | C | D -> + | * | ( ) |
-
1. Create an HTML file called as4.html. In it include the following: an h1 element containing "Assignment 4" an h2 element containing the name of your favourite sport or hobby a p element with a...
-
Write a main program that displays a single frame with the title "My First Frame". Set the size to 800 by 800. Make the frame visible.
-
$21,000 of equipment is purchased on December 1. It is estimated that it will have a life of 5 years and zero salvage value. Calculate depreciation expense as of December 31 of the first year using...
-
Which of the following is not part of the recording process? (a) Analyzing transactions. (b) Preparing a trial balance. (c) Entering transactions in a journal. (d) Posting transactions.
-
Beginning with a country that has a trade deficit, demonstrate graphically what will happen to a countrys potential output with globalization if that countrys costs of production fall. Explain your...
-
A machine cost 40,000 on 1 January 2012. The reducing balance depreciation method is used at 25 per cent per annum. Year end is 31 December. During 2014, it was decided that a straight line method...
-
The Home Depot, Inc., is the worlds largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Home Depot operates over 2,200 Home...
-
The Home Depot, Inc., is the worlds largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Home Depot operates over 2,200 Home...
-
Lowes Companies Inc., a major competitor of The Home Depot in the home improvement business, operates over 1,700 stores. Lowes recently reported the following balance sheet data (in millions): a....
-
Drilling Company uses activity-based costing and provides this information: Driver Rate Manufacturing Activity Cost Driver Materials handling Number of parts $ 0.60 Machinery Number of machine hours...
-
You are hoping to implement a project to distribute free fertilizer to farmers. In the current year (year 0), there will be an upfront administrative cost of $200 of setting up the program. Then,...
-
A owns ABC, Inc., an S corporation. A's stock basis was $10,000 at the beginning of year 1 and he loaned ABC $3,000 on Jan. 1. ABC has loss of $15,000 for the year. 30. How much of the loss can A...
Study smarter with the SolutionInn App