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 39 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
Excellent

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

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.

Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago. Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago.
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
School age (late childhood): 6–12 years, or to puberty. School age (late childhood): 6–12 years, or to puberty.
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library