How much does that bonus need to be

Assignment Help Financial Accounting
Reference no: EM132967149

Question - You are an aging player in the National Rugby League (NRL in Australia & NZ) and about to sign your last contract. The contract runs for another 3 years, then you will retire (i.e., you'll retire at t=3).

Five years after retirement your son starts at university (at t=8), and you expect that he will go to America for school. Thus, you want to have $70,000 per year for the four years of his schooling (t8 - t11). The team offers to include a lump sum bonus on your retirement date (at t=3) that will be enough to pay for your son's expensive American education.

Assuming a 7.9% rate, how much does that bonus need to be?

Reference no: EM132967149

Questions Cloud

How would you set up the hypothesis test : For this discussion, describe a key question or claim that may drive important actions from your work.
List 10 situations you could encounter at work : List 10 situations you could encounter at work that could be considered ethical dilemmas. With whom might you discuss them?
How can malaysian organization ensure that competitive : How can Malaysian organization ensure that competitive intelligence practices are legal and ethical? Please provide a very detailed answer.
Case study-risk assessments : William owns a bicycle retail and repair shop which has seen an increase in business during the COVID-19 pandemic.
How much does that bonus need to be : The contract runs for another 3 years, then you will retire (i.e., you'll retire at t=3). Assuming a 7.9% rate, how much does that bonus need to be
Diploma in community services : Develop a service program for an organisation which includes at least three (3) different customer-focussed services. Make sure you include clear strategies, me
How self management is linked to habit : First and Habit 7: Sharpen the Saw. In other words, once you decide what your priorities are, then you live by them. You manage your life by them. Habit 3 is th
Quality at the ritz-carlton hotel company : Ritz-Carlton. The name alone evokes images of luxury and quality. As the first hotel to win the Malcolm Baldrige National Quality Award, The Ritz treats quality
How can we frame an example in ielts writing task : How can we frame an example in IELTS writing task 2?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd