You have just won the $1,000,000 in the lottery. you have the option of taking a lump sum payout or equal annualized payments over 20 years. ignoring any tax consequences; how much should you expect from the annualized payments? what target interest rate would make the annualized payments more valuable than the lump sum? in your response, you may want to consider such issues as inflation, investing lump sum in stock market (what have been the long-term historic returns? ) to generate your own annualized payment schedule, as well as the psychological components – receiving a $1,000,000 check.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

When you hire an independent contractor you don't have to pay the contractors what