Hilltop golf course is planning for the coming golfing season. investors would like to earn a 1515% return on the company's $ 50 comma 000 comma 000$50,000,000 of assets. the company primarily incurs fixed costs to groom the greens and fairways. fixed costs are projected to be $ 32 comma 000 comma 000$32,000,000 for the season. about 600 comma 000600,000 rounds of golf are expected to be played each year. variable costs are about $ 16$16 per round of golf. hilltop golf course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. using a cost−plus pricing approach, what sales price should hilltop charge for a round of golf to achieve the desired profit?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.