Last Friday’s Mega Millions prize was estimated to be $145 million. Reported Lottery prizes are just the sum total of the future annual payments. In this case, 26 beginning of the year annuity payments that will be paid to the prize winner. For the current prize: annual annuity payment = $145 million/26 = $5.577 million. Of course, this $145 million annuity total ignores the time value of money The winner can elect the cash option of $98 million today instead of the 26-year annuity that totals $145 million. What is the difference between today’s present value of the cash option and annuity payout at 3.5% compounded annually? Calculate your answer as PV(cash option) - PV(annuity payout).

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

At a roundabout, you must yield to a. already in the roundaboutb. entering the roundaboutc. only if their turn signal is ond. only if they honk at you

In most states, a licensee must provide a(n) of any existing agency relationships to all parties