It ALWAYS makes more sense financially to take the lump sum payout from winning a lottery than taking the annual cash flows
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: It depends upon the interest rate used to discount the future cash flows.
You might also like to view...
The system of identifying issues, determining alternatives for dealing with them, then selecting and monitoring a strategy for resolution is known as ________.
A. disparate treatment. B. saying "yes" C. problem solving D. win-win situation.
_____ accounts provide disaggregated information concerning the net amount of an asset, liability, or shareholders' equity item. Note that the use of such accounts does not affect the total of assets, liabilities, shareholders' equity, revenues, or expenses, but only the balances in various accounts that comprise the totals for these items
a. Reversing b. Temporary c. Contra d. Closing e. None of the above
A variable is classified as ordinal if:
A) there is a natural ordering of categories. B) there is no natural ordering of categories. C) the data arise from continuous measurements. D) the variable is tracked over a period of time.
Dividends paid out of a subsidiary's E & P to the parent cause a ____________________ (positive/negative) adjustment to the parent's stock basis of the subsidiary
Fill in the blank(s) with correct word