ABC, Inc. Corporation has gross receipts according to the following schedule: Year 1 $2.00 million; Year 2 $4.00 million; Year 3 $6.00 million; Year 4 $4.50 million; Year 5 $7.00 million; Year 6 $10.00 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method?

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?