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You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: (a) The present value of two years’ back pay. The plaintiff’s annual salary for the last two years would have been $33,000 and $36,000, respectively. (b) The present value of five years’ future salary. You assume the salary will be $40,000 per year. (c) $100,000 for pain and suffering. (d) $12,000 for court costs. Assume that the salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an EAR of 8 percent, what is the size of the settlement? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The following misstatements are sometimes found in the sales and collection cycle’s account balances: The accounts receivable trial balance total does not equal the amount in the general ledger. For each misstatement, identify the balance-related aud..
A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated ..
the 2011 balance sheet of the captain jet inc. is attached. during 2012 the subsequent events occurred.1. on january 10
What are the amounts and descriptions of the company's current liabilities for the most recent year? Does the company have any contingent liabilities? If yes, please describe. What are the three categories of contingent liabilities and the treatment ..
Other than the construction funds borrowed, the only other debt outstanding during the year was a $1,000,000, 10-year, 9% note payable dated 1/1/2006. What is amount of interest that should be capitalized by Bass during 2012?
Prepare journal entries to record the purchase of the bonds, the first two interest receipts, and the sale of the bonds.
Select a company that would employ a job order costing system. Research the company and discuss why a job order costing system is the 'correct' fit for that organization. Discuss a product the company sells and discuss what direct and indirect costs ..
Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
By what amount is Mr. Z’s tax liability reduced-By what amount is corporation TZ’s tax increased.
The question is about ratio analysis finding out liquidity and solvency of the company - relative profitability of the companies by computing the net income and earnings per share for each company for 2007.
Rollins Inc. is considering expanding its operations into different regions of the country. Compute free cash flow and the cash flow adequacy ratio. Comment on Rollins' ability to expand its operations.
The year-end physical count for Merchandise Inventory reflected a value of $51,500. Any difference in value will not be considered theft or loss
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