(2 points) Popular television comedian/satirist, Bill Maher,…
(2 points) Popular television comedian/satirist, Bill Maher, said on his TV show that he would donate $5 million to a charity if Donald Trump could prove he was not the son of an orangutan. Trump provided a birth certificate as proof, and sued Maher to enforce the contract. (This really happened.) In just 25 words or less, what is Maher’s BEST defense? BE CONCISE!! AN ANSWER TO THIS QUESTION THAT IS MORE THAN 2 LINES LONG MIGHT RESULT IN A LOSS OF AT LEAST 1 FULL POINT!!
Read DetailsA corporation is considering the purchase of a factory machi…
A corporation is considering the purchase of a factory machine that would cost $ 349,472, would have a useful life of 7 years, and would have no salvage value. The machine would allow the company to earn additional net cash inflows of $81,500 per year. The internal rate of return on the investment in the machine is closest to:Present Value of $1; 1 ( 1 + r ) nPeriod4%5%6%7%8%9%10%11%12%13%14%15%10.9620.9520.9430.9350.9260.9170.9090.9010.8930.8850.8770.8720.9250.9070.890.8730.8570.8420.8260.8120.7970.7830.7690.75630.8890.8640.840.8160.7940.7720.7510.7310.7120.6930.6750.65840.8550.8230.7920.7630.7350.7080.6830.6590.6360.6130.5920.57250.8220.7840.7470.7130.6810.650.6210.5930.5670.5430.5190.49760.790.7460.7050.6660.630.5960.5640.5350.5070.480.4560.43270.760.7110.6650.6230.5830.5470.5130.4820.4520.4250.40.37680.7310.6770.6270.5820.540.5020.4670.4340.4040.3760.3510.327Present Value of an Annuity of $1 in Arrears; 1 r [ 1 – 1 ( 1 + r ) n ]Period4%5%6%7%8%9%10%11%12%13%14%15%10.9620.9520.9430.9350.9260.9170.9090.9010.8930.8850.8770.8721.8861.8591.8331.8081.7831.7591.7361.7131.691.6681.6471.62632.7752.7232.6732.6242.5772.5312.4872.4442.4022.3612.3222.28343.633.5463.4653.3873.3123.243.173.1023.0372.9742.9142.85554.4524.3294.2124.13.9933.893.7913.6963.6053.5173.4333.35265.2425.0764.9174.7674.6234.4864.3554.2314.1113.9983.8893.78476.0025.7865.5825.3895.2065.0334.8684.7124.5644.4234.2884.1686.7336.4636.215.9715.7475.5355.3355.1464.9684.7994.6394.487
Read DetailsA company is considering buying a new donut maker. This mach…
A company is considering buying a new donut maker. This machine will replace an old donut maker that still has a useful life of 6 years. The new machine will cost $3,890 a year to operate, as opposed to the old machine, which costs $4,150 per year to operate. Also, because of increased capacity, an additional 21,400 donuts a year can be produced. The company makes a contribution margin of $0.10 per donut. The old machine can be sold for $8,400 and the new machine costs $31,400. The incremental annual net cash inflows provided by the new machine would be:
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