User Account

All Pages

Which option should kershaw choose

Assignment Help Accounting Basics
Reference no: EM132687833

Kershaw Bales won the state lottery and was given four choices for receiving her winnings.

Receive $500,000 right now.
Receive $540,000 in one year.
Receive $50,000 at the end of each year for 20 years.
Receive $45,000 at the end of each year for 30 years.

Problem 1: Assuming Kershaw can earn interest of eight percent compounded annually, which option should Kershaw choose?

Reference no: EM132687833

Questions Cloud

How much was initially deposited assuming the interest : How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly?
How much will accumulate in three years : At the beginning of the year you deposit $5,000 in a savings account. How much will accumulate in three years if you earn 8% compounded annually?
Make the necessary journal entry to close income : Make the necessary journal entry to close Income Summary to the capital accounts if: Partners agree to divide income based on their beginning-year
Compute what is the present value of the receipts : You receive $1,500 at the end of every year for four years. What is the present value of these receipts if you earn six percent compounded annually?
Which option should kershaw choose : Kershaw Bales won the state lottery, Assuming Kershaw can earn interest of eight percent compounded annually, which option should Kershaw choose?
Make the necessary journal entry to close income : Make the necessary journal entry to close Income Summary to the capital accounts if: Partners agree to divide income based on their beginning-year
What is the budgeted operating income for thompson company : The budgeted sales are $450,000, the budgeted variable costs are $150,000, and the budgeted total fixed cost is $230,000. What is the budgeted operating income?
What is the budgeted percentage variable cost ratio : The budgeted variable costs are $150,000, and the budgeted fixed cost is $230,000. What is the budgeted percentage variable cost ratio?
What the book value at december using the double-declining : Using the double-declining balance method, the book value at December 31, 2019, would be? The equipment is expected to have a five-year life

Reviews

Write a Review

Accounting Basics Questions & Answers

  Provide the journal entries necessary to account

Provide the journal entries necessary to account for all the above transactions and events up to 1 July 2023, in accordance with AASB 116

  Calculate the gross profit margin for arlington

Calculate the gross profit margin for Arlington for 2015 and 2016. Arlington Merchants reported the on its income statement for the fiscal years

  Activity-based cost management problem

Activity-based cost management (ABM) can best be defined as:

  What was the applied manufacturing overhead

Under normal circumstances the factory would operate for 2,100 machine hours for the month of March. What was the applied manufacturing overhead

  Find the unit selling price

A store buys a product from a supplier for $672 per unit, Find the unit selling price if the store would like to have a yearly after tax income of $115551.

  Following are the amounts of the assets and liabilities of

following are the amounts of the assets and liabilities of st. kitts travel agency at december 31 2010 the end of the

  Calculate the Bertram Corporation payout ratio

Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Calculate the Bertram Corporation's payout ratio for 2014

  A department had 600 units which were 40 complete in

a department had 600 units which were 40 complete in beginning goods in process inventory. during the current period

  What amount should Pharoah Company pay for this investment

Pharoah Company is considering an investment that will return a lump sum of $625,000 5 years from now. What amount should Pharoah Company pay

  Prepare an amortization table for each year of the bond

Using the appropriate factor table determine the amount received by the company on Feb 1, 2014. Prepare an amortization table for each year of the bond.

  What is the expected npv

There is also a 40% chance of average demand with cash flows of $30 million per year as well as a 30% chance of low demand with cash flows of only $15 million per year. What is the expected NPV?

  Find how much of the distribution is taxable to steve

Find How much of the distribution is taxable to Steve? Steve and Naomi are both age 41. Steve decided to quit his job and received a total distribution

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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