User Account

All Pages

What is the actual present value of your prize

Assignment Help Financial Accounting
Reference no: EM132964683

Question - You hit a half-court shot during a time-out at a UMass basketball game. The PA announcer congratulates you and informs that crowd that you just won $800,000! When you meet with the game staff, however, you learn that the $800,000 is paid in 20 annual payments of $40,000 each with the first one being made tonight after the game. Assuming a rate of 10.75%, what is the actual present value of your prize?

a. $103,804

b. $323,812

c. $358,622

d. $427,616

Reference no: EM132964683

Questions Cloud

What was the annual interest rate on the promissory note : A $12,600 promissory note was issued on March 13 with a term of 120 days. It acquired $541.37 of interest. What was the annual interest rate
AERO2306 Research Project Proposal Assignment : AERO2306 Research Project Proposal Assignment Help and Solution, RMIT University - Assessment Writing Service
Determine the present value of the bonds payable : If Moss Co. issued $101,000 of five-year, 12% bonds with interest payable semiannually, Determine the present value of the bonds payable
What is the purpose of interim quality standards : What is the purpose of interim quality standards? Explain why external failure costs can be more devastating to a firm than internal failure costs
What is the actual present value of your prize : You hit a half-court shot during a time-out at a UMass basketball game. Assuming a rate of 10.75%, what is the actual present value of your prize
Identify a high power-high interest stakeholder : Imagine you have completed a stakeholder analysis and you identify a high power, high interest stakeholder with strong objections to change, even though the sta
What is the total dollar value of the initial investment : As an investor, say you go ahead and invest 1,000 shares at $94 per share. What is the total dollar value of the initial investment
Why is it important to study organizational behavior : 1. Why is it important to study Organizational behavior? 2. What were two influences on development of organizational behavior.
At what amount should ayayai report the land : By appraisal, the fair value was estimated to be $430,000 for the land and $1,720,000 for the building. At what amount should Ayayai report the land

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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