You have just won the lottery and will receive 1000000 in

Assignment Help Accounting Basics
Reference no: EM13589485

You have just won the lottery and will receive $1,000,000 in one year. you will receive payments for 25 years and the paymens will increase 2.3 percent per year. If the appropriate discount rate is 6.3 percent, what is the present value of your winnings?

Reference no: EM13589485

Questions Cloud

The shoe outlet has paid annual dividends of 065 070 072 : the shoe outlet has paid annual dividends of 0.65 0.70 0.72 and 0.75 per share over the last four years respectively.
Russell corporation sold a parcel of land valued at 592500 : russell corporation sold a parcel of land valued at 592500. its basis in the land was 391050. for the land russell
Essay question how business ethics make you money and how : essay question how business ethics make you money and how it makes you no money? what are the good ethics and what are
Review the material regarding depreciation of long-lived : review the material regarding depreciation of long-lived assets. give an example of a depreciation method and an asset
You have just won the lottery and will receive 1000000 in : you have just won the lottery and will receive 1000000 in one year. you will receive payments for 25 years and the
Rooks corp is a medium-sized corporation specializing in : rooks corp. is a medium-sized corporation specializing in quarrying stone for building construction. the company has
Prepare the journal entries for the years 2013-2015 to : wilson corp. reported the following pretax financial income loss for the years 2011-2015. 2011 246600 2012 345000 2013
Stillman corporation uses a job-order cost system and has : stillman corporation uses a job-order cost system and has two production departments machining and assembly. budgeted
Stratford company distributes a lightweight lawn chair that : stratford company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the difference between systematic and unsystematic

what is the difference between systematic and unsystematic risk? provide one example of each. can both systematic and

  Describe the relationship between bus riders and gasoline

In Pioneer ville the price elasticity of demand fro bus ridersis .5, the income elasticity of demand fro bus riders is -0.1. Describe the relationship between bus riders and gasoline.

  Tony and suzie purchased land costing 500000 for a new camp

tony and suzie purchased land costing 500000 for a new camp in january 2014. now they need money to build the cabins

  Preparation for completing the current years return

Jim was reviewing several of a client's prior tax returns in preparation for completing the current year's return. Jim discovered a serious error on the return filed almost

  Journalizing partnership formation

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's intial net investment is 75,000 consisting of cash 17,500, equipment 82,500 and note payable reflecting a bank loan for a new business 25,000. Barber's initial investment is..

  Prepare the necessary entries to clear the intangible

reichenbach co. organized in 2011 has set up a single account for all intangible assets. the following summary

  This analysis makes it clear that the corporation will save

dan simms is the president and sole shareholder of simms corporation. dan plans for the corporation to make a

  Recording entries in the general ledger

What two accounts will be affected while recording entries in the general ledger when you bill a customer for services rendered on account? There has not been any previous cash paid to the company.

  Andrew jackson credit corp

Accounts receivable of $14,800 (gross) are factored with Andrew Jackson Credit Corp

  Find certification in accounting or related one in finance

In addition, let me know which one interests you the most and how you would go about preparing to accomplish this great goal. Salary, jobs available, and other related information is what we will be looking for this week.

  If the materials price varies is 600 f and the materials

if the materials price varies is 600 f and the materials quantity and labor variances are each 450 u what is the total

  Prepare general journal entries for the following

prepare general journal entries for the following transactions on december 17 on your market paid 1500 to keystone

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd