Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ronen consulting has just realized an accounting e

Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability...

90.2K

Verified Solution

Question

Finance

Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $390,000 due in 29 years. In other words, they will need $390,000 in 29 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 8 percent, what is the present value of the liability?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Definitions Present the Tissue Phantom Ratio and Tissue Maximum Ratio equations. Describe how the two quantities are related. Define,...

Accounting
1.2K views

Millco, Inc., acquired a machine that cost $544,000 early in 2016. The machine is expected to...

Physics
1.2K views

Four point charges each with charges q are placed at the four corners of a...

Geometry
1.2K views

Let f be the function shown below The function f has a domain of 8...

Basic Math
1.2K views

Looking up Ivanna sees two hot air balloons in the sky as shown She determines...

Calculus
1.2K views

The graphs of fand g are given Use them to evaluate each limit if it...

Calculus
1.2K views

4 5 Points DETAILS SCALCET9 2 XP 5 004 Consider the following if x 0...

Accounting
1.2K views

You received no credit for this question in the previous attempt. 3 Pantanal, Inc., manufactures...

Accounting
1.2K views

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and...

Accounting
1.2K views

Businesses that use manufacturing processes would use the process costing method True False

Accounting
1.2K views

** *** *** Zemi Appliances, a publicly traded company, had the following activity during 2020:...

Finance
1.2K views

Given the following information about your firm's capital structure, calculate your firm's WACC (assume the...