User Account

All Pages

What is the present value of his future pot of gold

Assignment Help Accounting Basics
Reference no: EM13970191

Phil Goode will receive $175,000 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"? 

Reference no: EM13970191

Questions Cloud

Discuss the difference between book values and market values : Discuss the difference between book values and market values and explain which one is more important to the financial manager and why.
Compute roi, using net book value for each year : Compute ROI, using net book value for each year. Compute ROI, using gross book value for each year.
Your aunt offers you a choice of 20100 in 20 years or 870 : Your aunt offers you a choice of $20,100 in 20 years or $870 today. If money is discounted at 9 percent, which should you choose?
Compare circuit and packet-switched networks. : Explain the concept of Ohm's law and its importance to circuit troubleshooting. Compare circuit and packet-switched networks.
What is the present value of his future pot of gold : Phil Goode will receive $175,000 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"?
Under what conditions will there be two most probable values : For a certain experiment, the Poisson distribution with parameter λ = m has been assigned. Show that a most probable outcome for the experiment is the integer value k such that m - 1 ≤ k ≤ m.
Prepare a proposal on early intervention research paper : Prepare a Research Proposal on Early Intervention Research Paper.
Compare the rostow theory of stages of economic growth : compare the Rostow's theory of stages of economic growth and globalisation theory
Which of the following is not a possible cause of an : Which of the following is not a possible cause of an unfavorable direct labor efficiency variance? Lack of motivation. Low-quality materials. Poor supervision.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Exchange for corporate stock in the firm

Rosen and the other owners invest $50,000 in exchange for corporate stock in the firm.

  What can we learn from the answer to part d about the

phelps canning company is considering an expansion its current income staement is sales 5000000variable expenses50 of

  What level of revenue is needed to yield an after-tax

golf glider makes gasoline-powered golf carts. the selling price is 5000 each and costs are as followsgolf gliders

  Fundamental problem with financial statements

What you think is the fundamental problem with financial statements based upon the historic cost measurement principle used under US GAAP ?

  Why might it be important to have internal documents

Why might it be important to have internal documents produced as an output of the accounting information system?

  Show the purchase of the machine and the first years

charlotte motorcycle repair corporation purchased a machine on january 1 2010 for 8000 cash. the firm expects to use

  Basics of stockholders equity section

Construct the stockholders' equity section incorporating all the above information.

  Prepare a partial income statement for each inventory

two wheels operates on a fiscal year beginning january 1. at the beginning of the year the shop had 6 bicycles 394 each

  Fasb codification-inventory research

What is the formal definition in the glossary of the term "Inventory?" What is the Codification topic number for inventory? What types of entities are not covered by the guidance in the Inventory Topic? (Provide the Codification reference for your ..

  The entrepreneur who founded the company is convinced that

the entrepreneur who founded the company is convinced that sales will increase next year by 150 and that net operating

  Davis corporation was authorized to issue 100000 shares of

davis corporation was authorized to issue 100000 shares of 10 par common stock and 50000 shares of 50 par 6 percent

  Grace sells miniature digital cameras for 250 each 1000

grace sells miniature digital cameras for 250 each. 1000 units were sold in may and it forecasts 4 growth in unit sales

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