Question: the liability has just realized an accounting error that has resulted in an unfunded liability of $385,000 due in 30 years. In other words, they

the liability has just realized an accounting error that has resulted in an unfunded liability of $385,000 due in 30 years. In other words, they will need $385,000 in 30 years. Toni Flanders, the (Related to Checkpoint 5.4) (Present value) Ronen Consulting ( company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 8 percent, what is the present value of the liability? 5385,00 liablity due in 30 years is s (Round to the nearest cent Round to the nearest cent.) If the appropriate discount rate is 8 percent, the present value of the $385,000 liability due in 30 years is $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
