Solution-What is the size of the settlement

What is the size of the settlement

Assignment Help Financial Accounting

Reference no: EM132472474

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:

Point (1) The present value of two years' back pay. The plaintiff's annual salary for the last two years would have been $37,000 and $40,000, respectively.

Point (2) The present value of five years' future salary. You assume the salary will be $44,000 per year.

Point (3) $100,000 for pain and suffering.

Point (4) $16,000 for court costs.

Question 1: Assume that the salary payments are equal amounts paid at the end of each month. If the appropriate rate you choose is an EAR of 7 percent, what is the size of the settlement?

Reference no: EM132472474

Questions Cloud

What are critical factors that fueled need for it governance : What do you think are critical factors that fueled the need for IT governance? In what ways does ISO affect the standards for network security?

Reflect on the cultural and global political considerations : Reflect on the cultural and global political considerations for the use of a sharing service as presented in the lab and the data which could be hosted.

Determine new business and its first month of operations : Determine Shenton experienced the events during the organizing phase of the new business and its first month of operations

Describe the shared security responsibility model : Describe in 500 words the shared security responsibility model that a dba must be aware of when moving to the cloud.Use at least three sources.

What is the size of the settlement : Equal amounts paid at the end of each month. If the appropriate rate you choose is an EAR of 7 percent, what is the size of the settlement?

Evaluate the emergence of deep neural networks : Evaluate the emergence of Deep Neural Networks and their impact on society. Evaluate the emergence of Deep Neural Networks and their impact on business.

Assignment - Investing in My Future : Assignment - Investing in My Future. Discuss one of the (3) ways you feel most confident as a way to invest in your future. Explain your level of confidence

Determine the direct materials purchases budget : If paper costs $0.14 per square yard, determine the direct materials purchases budget for 2016. If required, round your final answer to the nearest dollar.

Discuss light of understanding of wealth maximization : Does having excess amounts of cash means that the firm has maximized wealthy? Discuss light of understanding of wealth maximization

User Account

All Pages

What is the size of the settlement

Reference no: EM132472474

Reference no: EM132472474

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT