How much is your lottery prize worth today

Assignment Help Managerial Accounting
Reference no: EM133045541

Problem - You just won the $44 million lottery. You will receive $2 million a year for the next 17 years plus an additional payment of $10 million at the end of 17 years. The interest rate is 9 percent. How much is your lottery prize worth today?

Reference no: EM133045541

Questions Cloud

Prepare the entry to record the refinancing : In order to do this, Red Leaf used $51,211 cash and signed a new one-year, Prepare the entry to record the refinancing
Determining the compensation to be paid : Determining the compensation to be paid to the new employee (Marketing Specialist)
Why is the fasab named an advisory board : Why is the FASAB named an advisory board? What is the relationship between the FASAB and the GAO, the Treasury Department, and the OMB
What the breakeven point in units : EZ Carry sells a constant mix of 4 small bags for each medium-sized bag and 5 medium bags for each large-sized bag. What the breakeven point in units
How much is your lottery prize worth today : You will receive $2 million a year for the next 17 years plus an additional payment of $10 million at the end of 17 years. How much is your lottery prize
What amount of cash is paid on the maturity date of the note : On January 10, 2021, purchased merchandise on credit, $36,300; What amount of cash is paid on the maturity date of the note
Violation of ethics : Describe an incident in your experience that you think was a violation of ethics?
What is the bonds yield to maturity : Last year, Clark Company issued a 10-year, 10% semi-annual coupon bond at its par value of Php1,000. What is the bonds yield to maturity
Compute the company marginal cost of capital : Compute the company's marginal cost of capital if it raised the additional Sh.15million as envisaged. (Assume a tax rate of 30%)

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discuss the common issues

Discuss the common issues that may arise between the divisional managers, when performance is measured using ROI

  Prepare sales budget for the first quarter of year

Determine the amount of sales revenue Spalding will report on the Year 1 first quarterly pro forma income statement. Prepare sales budget for the first quarter

  Make the entry to record the revenue and gross profit

Make the entry to record the revenue and gross profit for 2018. How much gross profit should be reported for 2019? Show your computation.

  Determine the company margin and turnover

Determine the company's margin, turnover, and return on investment for last year. (round your intermediate calculations and final answers to 2 decimal places.

  How many sweaters does heather have to sell each month

In both a worst case and best case scenario, how many sweaters does Heather have to sell each month to make a target profit of $84,000 per year

  Conduct a product-line profitability report for AM

Australian Mart (AM) operates at capacity, Use the simple/traditional costing system to conduct a product-line profitability report for AM.

  How will savings in the second year

Analyze the one-year financial impact of outsourcing grounds maintenance. Discuss qualitative factors that should be considered in the decision.

  Selected comparative financial statements of tripoly company

Selected comparative financial statements of Tripoly Company follow.

  Which concept corresponds to the twelve students had to redo

Which concept corresponds to the following situation: Twelve students had to redo the essay work once it was evaluated by the teacher. Serious

  What amount will wolf assign to manufacturing overhead

The company incurred $37,800 of direct factory labor and $6,480 ofindirect factory labor during period. What amount will Wolf assign to Manufacturing Overhead

  Calculate the annual equivalent for project a

Calculate the Annual Equivalent (AE). Project A has an NPV of 100000. The project is financed by borrowing at 7%pa. The cost of capital for Project A is 0.1.

  Prepare the company inventory and purchases

A company expects to sell 8,500 units,Prepare the company's inventory, purchases, and cost of goods sold budget for January and February.

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