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The billboard for the Florida Lottery announces an $18,000,000 prize to the winner. The winner has the option of receiving the $18,000,000 paid in 30 annual installments of $600,000 or as a lump sum based on the present value of the payments. Assuming that the lottery commission uses an interest rate of 4.5% to calculate the lump sum, what is the present value of the lump sum option?
a company has two products a and b. it uses activity-based costing and has prepared the following analysis showing
Mega Inc, has common stock and 6% preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative. Common stock 50,000 shares, $50 par value.
during the year eugene had the four property transactions summarized below. eugene is a collector of antique glassware
You are considering a five-year lease of office space for R&D personnel. Once signed, the lease cannot be canceled. It would commit your firm to six annual $100,000 payments, with the first payment due immediately.
ramirez co. decides at the beginning of 2012 to adopt the fifo method of inventory valuation. ramirez had used the lifo
during the year ended december 31 2011 stickit inc. split its stock on a 4-for-1 basis. in its annual report for 2010
x company has the following estimated costs for the year direct materials64700direct labor25200factory
Choose a public company in the food industry. Analyze the financial statements and assess whether the financial performance has improved or declined year-over-year. A presentation of 5-10 powerpoint slides that include the following:
Why aren't actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs? Also, how are overhead costs assigned to jobs?
you are an accountant in a medium-sized manufacturing company. you have been asked to mentor an accounting clerk who is
finco is a wholly owned finnish manufacturing subsidiary of winco a domestic corporation that manufactures and markets
rogers co. had a sheet metal cutter that cost 110000 on january 5 2010. this old cutter had an estimated life of ten
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