This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under TANF, there is a lifetime eligibility cap of five years, with some loopholes. Indicate ... (Read 45 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Under TANF, there is a lifetime eligibility cap of five years, with some loopholes.
 
  Indicate whether the statement is true or false

Question 2

Nancy is considering forming a 5 year business partnership with Claudia. Nancy believes her portion of the partnership will generate the following profits:
 
  Year Profits Present Value
  1 2,000
  2 4,000
  3 12,000
  4 15,000
  5 18,000
 
  Nancy's appropriate discount rate is 6. To join the partnership, Nancy needs to invest 30,000. Does the partnership offer a rate of return in excess of 6?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

T

Answer to Question 2

As the table below indicates, the present value of the partnership is in excess of the 30,000 investment. This implies the partnership offers a rate of return greater than 6. In this case, Nancy should join the partnership.

Year Profits Present Value
1 2,000 1,886.79
2 4,000 3,559.99
3 12,000 10,075.43
4 15,000 11,881.41
5 18,000 13,450.65
TOTAL 40,854.27


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Wow, this really help

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
World Population Growth, Past 10,000 years World Population Growth, Past 10,000 years
Stepwise approach for managing asthma in adults and patients 12 years and older. Stepwise approach for managing asthma in adults and patients 12 years and older.
Remaining health-adjusted life expectancy (years) at age 25 Remaining health-adjusted life expectancy (years) at age 25
Earth 600 Million Years Ago Earth 600 Million Years Ago
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library