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Question - Answer the following questions in a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link.
Please respond to the following:
1. You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest. What is the present value of the payments you will receive?
2. In your own words and using various bond websites, locate one of each of the following bond ratings: AAA, BBB, CCC, and D. Describe the differences between the bond ratings. Identify the strengths and weaknesses of each rating.
louder company manufactures part mno used in several of its truck models. a total of 10000 units are produced each year
Phoenix did not incur any repair expenses in 2015 relative to the 2015 shipments but did incur $120,000 of expenses
What is the future value in five years of $1,500 invested in an account with an annual percentage rate of 10 percent, compounded annually
What amount of cash was received from the discounting? Legends Company accepted from a customer P1,000,000 face amount, 6-month, 8% note dated April 1,2019.
Complete an income statement through gross profit. Complete the current assets section of the balance sheet at June 30, 2010
What is the number of days in a year' inventory on hand for a firm with cost of goods sold of $750,000 and average inventory of $150,000?
Calculate department overhead rates using direct labor hours in Milling and machine hours in Finishing as the allocation bases
What are treasury stocks and why do companies engage in their purchase? Discuss the difference between authorized shares and outstanding shares.
VanMetals can devote up to 100 hours to these new products; each table is expected to require 16 hours, What is the objective function for revenue
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Ridge Company
Record the stock dividend. (If entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Assuming the note payable is interest-bearing, how much is the net income to be reported in the July 2020 income statement
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