What is the present value of his future pot of gold
Present value John Longwaite will receive $100,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?
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What is the rate of return on each bond? Rate of Return Bond 1 % Bond 2 % -- b. Does the higher coupon bond give a higher rate of return?
Social considerations can be used to justify: allowing a federal income tax deduction for state and local sales taxes. allowing excess capital losses to be carried over to other years.
The benefits can be easily projected and estimated.They are generally not prefunded.Benefits are paid on a monthly basis.The beneficiary is always restricted to the retiree only.
Assuming that a government will collect its sales taxes in sufficient time to satisfy the ‘‘available'' criterion, it would ordinarily recognize revenue from sales taxes in its government-wide statements.
Present value The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $50,000 a year for the next 20 years. what is the present value of your winnings?
DigDug Corporation had outstanding checks totaling $5,400 on its June bank reconciliation. In July, DigDug issued checks totaling $38,900.
In addition, during March they drove 947 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. Calculate the Murphy's medical expense deduction.
Custom Metal Works produces castings and other metal parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours.
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