Questions
Suppose that you are in the fall of your senior year and are faced with the...

Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of​ course, your choice is not purely financial. ​ However, to make an informed decision you would like to know the financial implications of the two alternatives. ​ Let's assume that your alternatives are as​ follows:  

If you take the​ "get a​ job" route you expect to start off with a salary of ​$40,000 per year. There is no way to predict what will happen in the​ future, your best guess is that your salary will grow at 5 percent per year until you retire in 40 years. As a law​ student, you will be paying ​$25,000 per year tuition for each of the 3 years you are in graduate school. ​ However, you can then expect a job with a starting salary of ​$70,000 per year. ​ Moreover, you expect your salary to grow by 7 percent per year until you retire 35 years later.   ​

Clearly, your total expected lifetime salary will be higher if you become a lawyer. ​ However, the additional future salary is not free. You will be paying ​$25,000 in tuition at the beginning of each of the 3 years of law school. In​ addition, you will be giving up a little more than ​$126,000 in lost income over the three years of law​ school:  ​$40,000 the first​ year, $ 42,000 the second​ year, and ​$44,100 the third year.

a.  To start your analysis of whether to go to law​ school, calculate the present value of the future earnings that you will realize by going directly to​ work, assume a discount rate of 3 percent.

b.  What is the present value today of your future earnings if you decide to attend law​ school, assuming a discount rate of 3 ​percent? Remember that you will be in law school for 3 years before you start to work as a lawyer. ​ (Hint: assume that you are paid at the end of each year so that your first salary payment if you decide to go to law school occurs 4 years from​ now.)

c.  If you pay your law school tuition at the beginning of each​ year, what is the present value of your​ tuition, assuming a discount rate of 3 percent?

In: Finance

At the beginning of the baseball season in a particular year, the odds that the New...

At the beginning of the baseball season in a particular year, the odds that the New York Yankees will win the American League pennant are 6 to 3.

(a) What are the odds that the Yankees will lose the pennant?
___________ to __________?

(b) What is the probability that the Yankees will win the pennant? Express your answer as a decimal.


(c) What is the probability that the Yankees will lose the pennant? Express your answer as a decimal.

In: Statistics and Probability

what happens to credits in the comeback or Cary forward Year

what happens to credits in the comeback or Cary forward Year

In: Accounting

A stock will pay a dividend of $9 at the end of the year. It sells...

A stock will pay a dividend of $9 at the end of the year. It sells today for $101 and its dividends are expected grow at a rate of 10%. What is the implied rate of return on this stock? Enter in percent and round to two decimal places.

In: Finance

Robots, Inc. reports the following financial data for the year:

 

1) Robots, Inc. reports the following financial data for the year:

Gross income from sales and services 200k

Wages, cost recovery and other expenses 180k

Dividend income from at least 20% owned Corp. 40k

Net Operating Loss Carryover 20k

Capital Losses 10k

Charitable Contribution Carryover 7k

Current charitable contributions11k

a) What is Robot's charitable contribution deduction?

b) How much of the charitable contribution carryover is used up

c) What is taxable income?

d) What is the dividend received deduction?

In: Accounting

Assume that the probability that a person is killed by coronavirus in a year is, independently,...

Assume that the probability that a person is killed by coronavirus in a year is, independently, 1/(200 million). Assume that the TR population is 100 million. (5 poi. for each parts)

a. Compute P(3 or more people will be killed by coronavirus next year) exactly.

b. Approximate the probability that found in (a).

c. Approximate the probability that ONO or more people are killed by coronavirus within the first 3 months of next year.

d. Approximate the probability that in exactly 3 of next 10 years exactly 4 people are killed by coronavirus. e. Find the expected number of years, among the next 5, in which 2 or more people are killed by coronavirus.

In: Statistics and Probability

If $30,000 is deposited in a savings account at the end of each year and the...

If $30,000 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years?

In: Accounting

At the start of the current year, a company paid for the following in cash:     ...

At the start of the current year, a company paid for the following in cash:

     Copyrights, $2,000,000

     Equipment, $25,000,000

     Goodwill, $4,500,000

     Inventory, $1,500,000

     Land, $15,000,000

     Patents, $1,500,000

     Prepaid rent, $500,000

     Research and development, $500,000

     Supplies, $4,000,000

     Trademarks, $1,000,000

It amortizes its intangibles over 10 years. Determine its current year amortization expense.

Group of answer choices

a. $950,000

b. $400,000

c. $500,000

d. $150,000

e. $350,000

2.

Based on the following year-end account balances, what amount would the company report on its balance sheet as intangible assets?

Buildings and Equipment $35,000,000
Accumulated depreciation 5,000,000
Copyrights 2,400,000
Patents 10,000,000
Research and development 12,000,000

Group of answer choices

a. $12,400,000.

b. $5,000,000.

c. $10,000,000

d. $17,400,000.

e. $24,400,000.

In: Accounting

This is the time in the year where people are encouraged to receive a vaccination for...

This is the time in the year where people are encouraged to receive a vaccination for influenza (flu). Flu in humans is caused by the influenza virus of which there are several strains. Strains A and B are the most important in causing flu in humans. Since strain A has been studied more, and A and B are similar, use strain A for your answers.

How does the flu virus enter human cells? This question refers to entering individual cells rather than entering the body.

How are the viral genes expressed? How does the virus get its own genes transcribed and translated in the host cell?

How do new progeny viral particles leave the host cell?

In: Biology

"If $500000 is invested in a certain business at the start of the year, the investor...

"If $500000 is invested in a certain business at the start of the year, the investor will receive $130000 at the end of each of the next 5 years. What is the present value of this business opportunity if the interest rate is 5% per year? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

In: Finance