Answer: D. Medium of exchange
Explanation:
The function of money describes its ability to help people compare what different goods and services are worth as a measure of value. Thus the correct option is C.
What is Service?Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
Money is referred to as currency which is considered a medium of exchange that is used to buy and sell products and services by measuring their value in comparison to each object.
This is referred to as a standard payment system that is applicable in each country that has a different value of its currency based on the economy.
Therefore, option C is appropriate.
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The stage which relates to
development of decision making
abilities, interpersonal and technical
competencies is known as:
Select one:
a. Facilitating the improvement
of quality and employee
productivity
b. Norming
c. Storming
d. Forming
= Storming
Explanation:
The stage which relates to
development of decision making
abilities, interpersonal and technical
competencies is known as storming
'Team development' consists of five distinct stages with each having its own significance in ensuring smooth and effective performance by every member for attaining the desired goals.
The stage of team development that is associated with making a decision by ruling out internal conflicts or competencies would be:
c). Storming
'Storming' is described as the stage at which the various members of the team come up with a variety of ideas. Each member attempts to make sure that his/her idea stands out and this leads to arguments, competition, and conflicts among the team members. As a result, the original goal of the team is often sidelined. Therefore, the leader plays a key role in managing these conflicts and strike focus back to the goal. The leader of the team communicates with the team and makes a decision that helps in gathering the team as a unit for setting out the norms in the next stage.
Thus, option C is the correct answer.
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Which out of the following is phenomenon that leads to Hyperinflation?
Select one:
a. It is a situation when a nation experiences very high and
accelerating inflation.
b. It is a situation caused by an increase in prices of inputs like labour, raw material
c. It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment
d. It is a situation when aggregate demand in an economy outpaces aggregate supply
= It is a situation when a nation experiences very high and
accelerating inflation.
Careers cannot be built from any number of jobs, only a select few. True or false
Answer:
False
Explanation:
I took a quiz and looked at results.
g The difference between the small business owner and the entrepreneur is that the entrepreneur: Group of answer choices assumes the risk of the business is accurately described by all of the above manages the business files taxes for the business is responsible for the profits of the business
Answer: The entrepreneur assumes the risk of the business
Explanation:
An entreprenuer is a person that's bears the risk and controls the other resources such as the land , labour and the capital.
Also, we should note that the entrepreneur either makes a profit or loss. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business
In 2009, Democratic President Barack Obama called on Congress to pass comprehensive health care reform. The goal of the legislation was to expand access to health insurance to the more than 40 million uninsured Americans and lower the overall cost of health care.
The Democratic-controlled House of Representatives considered many different reforms, including a government-sponsored health plan with a public option and a requirement that all individuals purchase health care known as an individual mandate. Republicans opposed both ideas and put forth their own plans which included tax incentives and methods to lower costs when seeing a doctor. In the end, a bill called the Affordable Care Act (ACA) was passed, which included an individual mandate but not a public option. The final vote in the House was 220-215. Only one Republican supported the bill, while 39 Democrats voted against it.
Republicans immediately began campaigning on a platform of repealing the ACA. After regaining control of the House of Representatives in the 2010 elections, the Republicans passed over 60 bills repealing the ACA. Each time, the legislation stalled in the Democratic-controlled Senate. When Republicans became the majority in both chambers following the 2014 elections, they finally passed a repeal of the Affordable Care Act. That legislation was vetoed by President Obama.
After reading the scenario, please respond to A, B, and C below.
a. Referencing the scenario, describe the party control of government when Congress passed legislation in 2014 to repeal the ACA, and explain how that party control could have affected the attempt to repeal the ACA in 2014.
b. Referencing the scenario, explain why a Republican representative following the delegate model of representation might have cast a vote in favor of the ACA bill in 2009 when it was originally passed.
c. Describe how the judicial branch could be used to implement the Republican’s legislative goals despite President Obama’s veto. Explain how this use of the judicial branch might ultimately affect the success of the Affordable Care Act.
Answer:
a. The party control of government when Congress passed legislation in 2014 to repeal the ACA was when Republicans gained majority seats in both chambers of Congress. This Republican control of Congress was the catalyst for the repeal of the ACA in 2014.
b. The Republican representative who cast a vote in favor of the ACA bill in 2009 followed strictly his constituency mandate.
c. When President Obama vetoed the ACA repeal, the Republicans could proceed to court to try to use the judicial branch of government to implement their legislative goals by requesting for constitutional interpretation of the repealed bill.
If this had happened, it would have seriously hampered the implementation and success of the Affordable Care Act for partisan reasons.
Explanation:
a) Congress is the legislative arm of government that makes the law. The executive implements the law. The judiciary is in charge of the interpretation and application the law to real situations. But when the President vetoes a bill, Congress can override the veto by ensuring that 2/3 of both chambers pass the law. Alternatively, Congress can ask for a judicial interpretation.
Congress is termed as the legislative party that focuses on the implementation of the law and framing of the laws for the benefit of the general public and the citizens. The judiciary in congress is held as in charge of the interpretation and the formation of laws.
The answers to the above questions are:
a. The party of the government was the republicans when congress passed the legislation in the year 2014 for the laying of the appeal of ACA. This Republican control of Congress was the catalyst for the repeal of the ACA in 2014.
b. The Republican representative who cast a vote in favor of the ACA bill in 2009 followed strictly his constituency mandate.
c. When President Obama voted for the ACA repeal, the Republicans proceeded to court to use the judicial branch of government for the implementation of the legislative goals in the request of constitutional interpretation of the appealed bill.
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Ramona Company has the following labor-related data. Standard labor hours for output: 15,000 hours Standard labor rate: $10 per hour Actual labor rate: $8 per hour Actual labor hours: 17,500 hours Given this information, the labor EFFICIENCY variance is
Answer:
$25,000 UnfavourableExplanation:
The labor Efficiency variance = ( Actual labor Hrs × Standard rate) - ( Standard labor Hr × Standard rate)
= ( 17500 × 10) (15000 × 10)
= 175000 - 150000
= $25,000 UnfavourableProvided that the standard cost of actual labor hour is greater than the standard labor cost. Then, the variable is unfavorable.
Please sort the following into factors most applicable for comparable company analysis and factors most applicable for precedent transaction analysis:
a. Comparable Company Analysis
b. Precedent Transaction Analysis
Answer:
Difficult to adjust for Intangibles - Precedent Transaction Analysis
Valuation Multiples reflect real M&A transactions - Precedent Transaction Analysis
Valuation Multiples reflects trading multiples on public markets - Comparable Company Analysis
Potentially reveals information about market demand for certain types of assets and industry trends - Comparable Company Analysis
May include special purchaser considerations such as Synergies. - Precedent Transaction Analysis.
Explanation:
Comparable company analysis is process of examining businesses that operates in same sector using valuation multiples. It helps business to find the analysis based on comparable features of business. Precedent transaction analysis is the process in which previous transactions are referred as sample for the new transactions analysis.
The factors that most applicable for comparable company analysis as well as factors most applicable for precedent transaction analysis can be sorted as;
Difficult to adjust for Intangibles (Precedent Transaction Analysis)Valuation Multiples reflect real M&A transactions (Precedent Transaction Analysis)Valuation Multiples reflects trading multiples on public markets ( Comparable Company Analysis)Potentially reveals information about market demand for certain types of assets and industry trends ( Comparable Company Analysis)May include special purchaser considerations such as Synergies. (Precedent Transaction Analysis)
A comparable company analysis can be regarded as process involving evaluation of the the value of a company by the utilization of metrics of other businesses.
Precedent transaction analysis on the other hand can be regarded as the valuation method which involves a process whereby price is been paid as regards similar companies in the past is been used as value indicator.
Therefore, Difficult to adjust for Intangibles requires a precedent Transaction Analysis.
CHECK THE COMPLETE QUESTION BELOW;
Please sort the following into factors most applicable for comparable company analysis and factors most applicable for precedent transaction analysis:
a. Comparable Company Analysis
b. Precedent Transaction Analysis
Difficult to adjust for Intangibles -
Valuation Multiples reflect real M&A transactions
Valuation Multiples reflects trading multiples on public market
Potentially reveals information about market demand for certain types of assets and industry trends
May include special purchaser considerations such as Synergies. -
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Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000. His accounting profits is:
Answer:
$100,000
Explanation:
Accounting profit = Revenue - Explicit Cost
$4,100,000 - $4,000,000 = $100,000
Accounting profit does not taken into account opportunity cost or implicit cost. The implicit cost here is the amount of interest forgone by starting the store
This interest rate would have been earned if he left the money in his account
Jody and Buster both produce nuts and coffee. They each prefer to consume a diet that is half nuts and half coffee. Both have access to the same resources. If Jody focuses on producing only coffee, she can produce 20 pounds of coffee in a week. If she only produces nuts, she can produce 40 pounds of nuts in a week. Buster can produce a maximum of 15 pounds of coffee in a week. He could also choose to produce only nuts, in which case he can produce 20 pounds of nuts a week.
Who has an absolute advantage in nut production? Choose one:
a. Brad has an absolute advantage in coffee, and Jody has an absolute advantage in nuts.
b. Jody has an absolute advantage in coffee, and Brad has an absolute advantage in nuts.
c. Jody has an absolute advantage in both coffee and nuts.
d. Brad has an absolute advantage in both coffee and nuts.
Answer:
c
Explanation:
A person has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other people.
Jody can produce either 20 pounds of coffee or 40 pounds of nuts
Buster can produce either 15 pounds of coffee or 20 pounds of nuts
It can be seen that Jody produces more pounds of both goods. Thus Jody has an absolute advantage in the production of both goods
Q.2Tullahoma Company purchased equipment for $27,500. It depreciated the equipment over a fiveyear life by the double-declining-balance method until the end of the second year, at which time the asset was sold for $8,500. Calculate the gain or loss on the sale at the end of the second year.
Answer:
A loss of $1400
Explanation:
The double-declining method uses twice the straight-line depreciation method rate in calculating the depreciation amount.
The asset has a useful life of 5 years. The straight-line depreciation rate = 1/5 x 100
=20%.
The double-declining rate will be 40%
The depreciation schedule for two years will be as follows.
Open. Bal Dep. rate Dep. Amount Book value
$27,500 40% $11,000 $16,500.00
$16,500 40% $6,600 $9,900.00
The equipment was sold for $8,500
net gain or loss will be the selling price - book value
=$8,500 - $9,900
=- $1,400
A loss of $1400
Refer to the balance sheet above. If in 2006 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then using the market value of equity, the debt-equity ratio for Luther in 2006 is closest to
Answer:
176 %
Explanation:
Note : The full question is attached below
The debt-equity ratio is part of the Debt Management Ratios. It shows how much foreign money is used by the company.
Debt-equity ratio = Total Debt / Total Equity × 100
Where
Total Debt = Short term debt + Current maturities of long term debt + Long term debt
= 9.3 million + 38.8 million + 239.1 million
= $287,200,000
Total Equity = Shares outstanding × Market Value
= 10,200,000 × $16
= $163,200,000
Therefore,
Debt-equity ratio = 176 %
The debt-equity ratio for Luther in 2006 is closest to 176 %
The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?
Answer:
$344,000
Explanation:
Assets, liabilities, and equity combine to form the accounting equation. their relationship in the accounting equation is as follows,
Assets = Equity + Liabilities
In this case,
Asset =??
Liabilities=$117,000
Equity =$227,000
Therefore,
Assets = $117,000 + $227,000
Assets = $344,000
Metroplex Corporation will pay a $2.50 per share dividend next year. The company pledges to increase its dividend by 4.70 percent per year indefinitely. Required: If you require an 13.80 percent return on your investment, how much will you pay for the company's stock today
Answer: $27.47
Explanation:
Given: Growth rate = 4.70% per year = 0.0470 per year
Dividend of next year = $2.50
Expected rate of return on Stock = 13.80% =0.1380
Current price = (Dividend of next year ) ÷ (Expected rate - Growth rate)
= (2.50)÷ (0.1380-0.0470)
= (2.50) ÷ (0.091)
≈ $27.47
Hence, you will pay $27.47 for the company's stock today.
aagen Inc. is a merchandising company. Last month the company's cost of goods sold was $92,000. The company's beginning merchandise inventory was $14,000 and its ending merchandise inventory was $16,000. What was the total amount of the company's merchandise purchases for the month
Answer:
the company purchase is $94,000
Explanation:
The computation of the total amount of the company merchanise purchase for the month is shown below:
Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory
$92,000 = $14,000 + Purchase - $16,000
So, the purchase is
= $92,000 + $16,000 - $14,000
= $94,000
Hence, the company purchase is $94,000
ABC Company listed the following data for the current year:
Budgeted factory overhead $1,044,000
Budgeted direct labor hours 69,600
Budgeted machine hours 24,000
Actual factory overhead 1,037,400
Actual labor hours 72,600
Actual machine hours 23,600
If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
a. $15,300 overapplied.
b. $15,300 overapplied.
c. $10,800 underapplied.
d. $10,800 overapplied.
e. $-0-.
Answer:
$10,800 underapplied
Explanation:
Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400
Overhead machine hours=($43.50 x 23,600) - 1,037,400
Overhead machine hours=$1,026,600- 1,037,400
Overhead machine hours= $10,800 underapplied
Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied
Which of the following is the Federal Reserve unable to directly do
Lend emergency funds to banks.
Increase and decrease the interest rate in the economy by a certain percentage.
Adjust reserve requirements.
Buy and sell U.S. securities.
Answer:
Increase and decrease the interest rate in the economy by a certain percentage
Explanation:
The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate. The feds fund rate is the interest rate that banks charge each other when they borrow from each other.
The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.
Compton Inc. has a beginning materials inventory balance for May of $27,500, and an ending balance for May of $28,750. Materials used during the month were $128,900. As a result, what is the cost of materials purchased during the month
Answer:
Purchases= $130,150
Explanation:
Giving the following information:
Beginning inventory= $27,500
Ending inventory= $28,750.
Materials used during the month were $128,900.
To calculate the direct material purchase, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 128,900 + 28,750 - 27,500
Purchases= $130,150
The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the
Answer:
Security and Exchange Commission (SEC).
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the SEC.
The following information is available for Sunland Company
Accounts receivable $3,400 Cash $6,200
Accounts payable 4,800 Supplies 3,740
Interest payable 520 Unearned service revenue 860
Salaries and wages expense 5,200 Salaries and wages payable 800
Notes payable 32,500 Depreciation expense 700
Common stock 50,600 Equipment (net) 110,500
Inventory 2,900
Required:
Using the information above, prepare a balance sheet as of December 31, 2022.
Answer:
Sunland Company
Balance Sheet as at December 31, 2022
ASSETS
Non - Current Assets
Equipment (net) 110,500
Total Non - Current Assets 110,500
Current Assets
Inventory 2,900
Supplies 3,740
Accounts receivable 3,400
Cash 6,200
Total Current Assets 16,240
Total Assets 126,740
EQUITY AND LIABILITIES
Equity
Common stock 50,600
Retained Earnings 36,660
(126,740 - 39,480 - 50,600)
Total Equity
Liabilities
Current liabilities
Accounts payable 4,800
Interest payable 520
Unearned service revenue 860
Salaries and wages payable 800
Total Current liabilities 6,980
Non - Current liabilities
Notes payable 32,500
Total Non - Current Liabilities 32,500
Total Liabilities 39,480
Total Equity and Liabilities 126,740
Explanation:
A Balance Sheet shows the Assets, Liabilities and Equity as at the Reporting date.
The Retained Earnings have been calculated as 126,740(Total Assets) - 39,480 (Total Liabilities) - 50,600 (Common Stock) = $50,600.
g Red Sun Rising just paid a dividend of $2.80 per share. The company said that it will increase the dividend by 40% and 10% over the next two years, respectively. After that, the company is expected to increase its annual dividend at 5%. If the required return is 12%, what is the stock price today
Answer:
The stock price today is $58.50
Explanation:
First, we need to determine the dividends for each year
Year _____Working _________ Dividend
0________________________ $2.80 per share
1________$2.80 x ( 1 + 40% )___$3.92 per share
2________$3.92 x ( 1 + 10% )___$4.312 per share
3________$4.312 x ( 1 + 5% )___$4.5276 per share
Now we need to calculate the present value of each years dividend to calculate the value of stock
Year _____Working ___________________ PV of Dividend
1________$3.92/( 1 + 12% )^1_____________ $3.50
2________$4.312/( 1 + 12% )^2____________$3.4375
3________[$4.5276/(12%-5%)]/( 1 + 12% )^2__ $51.5625
Now sum all of the present vlue of dividend to calculate the stock price
Stock Price today = $3.50 + $3.4375 + $51.5625 = $58.50
In the _________________strategic focus, firms use their proactive environmental commitments in an attempt to differentiate their products and services for their customers and also allows potential customers to consider the natural environment when they are purchasing products and services.
Answer:
Beyond compliance leadership
Explanation:
Beyond compliance leadership is a very crucial strategic focus which requires a firm to go extra mile beyond the effort their compititors are making, their products should be differentiated from their competitors through proactive environmental commitments.
It should be noted that In the Beyond compliance leadership
strategic focus, firms use their proactive environmental commitments in an attempt to differentiate their products and services for their customers and also allows potential customers to consider the natural environment when they are purchasing products and services.
Water Technology, Inc. Incurred the following costs during 20xt. The company sold all f ts products manufactured during the year
Direct material $5,000,000
Direct labor 2,400,000
Manufacturing overheadr
Utilities (primarily electricity) 120,000
Depreciation on plant and equipment 220,000
Insurance 150,000
Supervisory salaries 400,000
Property taxes 230,000
Selling costs
Advertising 165,000
Sales commissions 80,000
Administrative costs
Salaries of top management and staft 372,000
Office supplies 45,000
Depreciation on building and equipment 80,000
During 20x1, the company operated at about half of its capacity, due better. Jared Lowes, the marketing manager, forecasts a 20 percent growth in sales over the 20xt level.
Required Categorize each of the costs listed below as to whether it is most likely variable or fixed. Forecast the 20x2 cost amount for each of the cost items listed
Answer:
Part 1
Variable Costs
Direct material $5,000,000
Direct labor $2,400,000
Fixed Costs
$
Utilities (primarily electricity) 120,000
Depreciation on plant and equipment 220,000
Insurance 150,000
Supervisory salaries 400,000
Property taxes 230,000
Salaries of top management and staff 372,000
Office supplies 45,000
Depreciation on building and equipment 80,000
Part 2
Forecast the 20x2 cost amount for each of the cost items listed
Direct material ($5,000,000 x 1.20) $6,000,000
Direct labor (2,400,000 x 1.20) $2,880,000
Utilities (primarily electricity) $120,000
Depreciation on plant and equipment $220,000
Insurance $150,000
Supervisory salaries $400,000
Property taxes $230,000
Salaries of top management and staff $372,000
Office supplies $45,000
Depreciation on building and equipment $80,000
Explanation:
Variable Costs vary with the level of production. Examples are Direct Materials and Direct labor.
Fixed Costs remain constant for any production level. Examples are Depreciation and Utilities such as electricity.
A growth in Sales will affect the Variable Costs only. As production increases to meet the 20 percent growth in sales so do these costs since they vary in direct proportion to the level of production.
An organization that is global within two years of its inception with a major focus on foreign markets rather than its domestic market can best be described as a
Answer: born global
Explanation:
An organization that is global within two years of its inception with a major focus on foreign markets rather than its domestic market can be said to be born global.
Since the day such organization is established, they seek to gain competitive advantage over their rivals by using latest technologies and selling their products in different countries.
We can conclude from the above information that any rational, risk-averse investor would be better off adding Security AA to a well-diversified portfolio over Security BB. a. True b. False
Answer: False
Explanation:
First calculate the expected value for both securities:
Security AA:
= (0.2 * 30%) + (0.6 * 10%) + (0.2 * -5%)
= 6% + 6% + (-1%)
= 11%
Security BB
= (0.2 * -10%) + (0.6 * 5%) + (0.2 * 50%)
= -2% + 3% + 10%
= 11%
They both have the same expected return so the investor will be indifferent. Statement is therefore false.
Prices below the free market equilibrium are inefficient because the willingness to pay by someone to consume an additional unit ________ the marginal cost to someone for producing that unit. Group of answer choices exceeds equals None of the above; efficiency is defined in terms of natural resources, not market equilibrium. is less than
Answer: is less than
Explanation:
The equilibrium price in a free market economy represents the point where marginal revenue and marginal costs are being maximised.
If the price falls below this level therefore, a situation arises where the marginal cost of producing this good is more than the marginal price that people can pay for this good which would lead to losses.
How does the trade benefit the society?
Answer:
Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.
Use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Understanding the four components of the indirect pattern will help you craft messages that convey empathy, present reasons, cushion bad news, and close pleasantly. What buffering technique are you using if you provide objective information in your opening
Answer:
Facts.
Explanation:
You can use the indirect pattern when you need to soften or delay bad news until after an explanation is given. Basically, understanding the four components of the indirect pattern will help you craft messages that convey empathy, present reasons, cushion bad news, and close pleasantly.
Hence, if you provide objective information in your opening the buffering technique you are using is facts.
This ultimately implies that, the opening of a message can be buffered through the inclusion of facts and as such introducing a bad news objectively. Also, the facts used as a buffer technique should be concise, relevant and straightforward.
Jessica from the legal team needs to make a presentation on intellectual property rights. She is making this presentation for content writers who use content from various sources. This is the first time she is making a presentation. She does extensive research by reading up relevant resource materials. She puts together a presentation that she thinks is informative and effective. The presentation is due tomorrow. Before the presentation, she feels that it would be beneficial if someone else takes a look at her presentation slides. So, she shares her deck with Alison, her colleague, for a review. Alison feels that the deck is too detailed and content heavy. What should Jessica do in this situation
Answer:
Jessica should utilize the advice offered by Alison to edit her presentation slides, removing unnecessary details.
Explanation:
Editing the presentation will enable Jessica to get rid of unnecessary and unwanted stuff. It will also ensure that the presentation is error-free and achieves grammatical accuracy. Presentation slides should not be detailed since the required details are usually given during the proper presentation.
Select the correct answer.
Workers like authoritarian leaders best.
A. True
B. False
Answer:
A
Explanation:
There is a goose that lays golden eggs, one each year, arriving at the end of the year. Each egg weighs one pound. The price of gold is currently $1,247 per ounce (16 ounces in a pound), and this is your best guess for the price going forward. You expect the goose to live 10 years (thus laying 10 eggs). How much is this goose worth today if the discount rate is 8%
Answer:
$133,880
Explanation:
Missing word "How much is this goose worth today?"
Each year 1 golden egg, we get which weighed at 1 pond
1 pound = 16 ounce
Therefore 1 golden egg = 16 ounce
Therefore 1 golden egg = 16 ounce * $1,246/ounce
Therefore 1 golden egg = $19,952
Therefore for 10 years discounted at 8%, the worth of the goose shall be
= Yearly cash flow * Sum of D.F.8%, 10 years
= $19,952 * 6.7101
= $133,880
So, the worth of the goose today is $133,880
