Congratulations, you have won the California State Lottery. Lottery officials are giving you a choice of payment options. You will need to choose from one of the following streams. Assume at 5% interest rate for all scenarios. Option 1

Immediate payment of $1,000,000

Option 2

10 annual installments of $120,000

Option 3

$2,650,000 paid at the end of 20 years

Option 4

20 annual installments of $80,000

Option 5

5 annual installments of $100,000 plus a lump sum of $750,000 at the end of 5 years

Consider these options without referencing the calculation methods presented in the Chapter 12 Appendix.

Which options will result in receiving the most cash? Which option do you think you should choose and why? Which will be the least favorable option and why?

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage