Tri-State Megabucks Lottery advertises a $10 million grand prize. The winner receives $500,000 today and 19 annual
Question:
Tri-State Megabucks Lottery advertises a $10 million grand prize. The winner receives $500,000 today and 19 annual payments of $500,000. A lump sum option of $5 million payable immediately is also available. Is this deceptive advertising?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Its deceptive but very co...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of...
-
A lottery ticket has a grand prize of $28 million. The probability of winning the grand prize is .000000023. Based on the expected value of the lottery ticket, would you pay $1 for a ticket? Show...
-
A $1,000,000 state lottery prize is spread evenly over 10 years ($100,000 a year), or you may take a lump distribution of $654,000. If you can earn 7 percent, which alternative is better?
-
Detail how the respond to the following scenarios, with one agreeing or acknowledging the critic, and one seeking more information: "You are so lazy" {Husband says to his wife when she refuses to get...
-
When is a discounted note receivable considered a contingent liability?
-
What mass of carbon (am=12.01 g/mole) is in 9.33 g of C2H6O (mm=46.07 g/mole)
-
Blood flows at volume rate \(Q\) in a circular tube of radius \(R\). The blood cells concentrate and flow near the center of the tube, while the cell-free fluid (plasma) flows in the outer region....
-
Ink Spot Inc. is a new business located in upstate New York. It prints promotional flyers for local businesses and distributes them at public places or area events. The flyers are either placed on...
-
A 5.2 x10 -4 V/m electric field creates a 2.0 x10 17 electrons/s current in a 1.5-mm-diameter aluminum wire. A. What is the drift speed? Express your answer using two significant figures. B. What is...
-
Stewart Enterprises has the following investments, all purchased prior to 2024: 1. Bee Company 5% bonds, purchased at face value, with an amortized cost of $4,000,000, and classified as...
-
You have $10,000 you want to invest for the next 40 years. You are offered an investment plan that will pay you 8 percent per year for the next 20 years and 12 percent per year for the last 20 years....
-
Suppose you won the Tri-State Megabucks Lottery in the previous question. What factors should you take into account in deciding whether you should take the annuity option or the lump sum option?
-
Figure shows an arrangement of 15 identical disks that have been glued together in a rod-like shape of length L = 1.0000 m and (total) mass M = 100.0 mg. The disk arrangement can rotate about a...
-
The private equity fund you invested in is a 10-year fund, currently in the 2nd year of its life. If you request your money on December 31, when do you receive it?
-
The value that will be stored in AX and BX, after executing the following instructions :are X DW 10H, 20H, 30H MOV AX, X+1 PUSH AX PUSH X POP AX POP BX
-
Acquisition Entries, Acquisition Costs, Bargain Gain Plastic Corporation is contemplating a business combination with Steel Corporation at December 31, 2021. Steel's condensed balance sheet on that...
-
Instructions: The attached excel file includes the raw data (which has not been reviewed for errors). A second tab includes graphs that provide a visual analysis of each of the possible cost drivers...
-
Impressions, views, click through rate, cost per click, landing page visits, revenue per visitor engagement metrics for high-value customers. email open rates, click through rates, dwell times, and...
-
An oil tanker collided with a ship in Tampa Bay. The resulting oil spill severely curtailed the fishing business for two months. The Franklin Fishing Boat Co, made a claim against the tankers owner...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
If the universal set is the set of all integers less than or equal to 32, and A and B are as in Question 5, interpret Data from Question 5 Given
-
1. What are the pros and cons of the international sales? What additional risks will the company face? 2. What happens to the company's profits if the dollar strengthens? What if the dollar weakens?...
-
1. What are the pros and cons of the international sales? What additional risks will the company face? 2. What happens to the company's profits if the dollar strengthens? What if the dollar weakens?...
-
In the chapter, we presented an example where you had lost $78 and were given the opportunity to make a wager in which your loss would increase to $100 80 percent of the time and decrease to $0 20...
-
Frank is 82 years old.His wife died 5 years ago.He died and left the following assets: Principal residence 859,000 (individually owned: ACB 350,000) RRIF $235,000 (Beneficiary adult daughter ACB...
-
Assume that Pope Enterprises held a $10,000, 10 percent, six-month note signed by Mary Drew. On December, 1, 2015, the maturity date, Drew dishonored the note. At this point, Drew owes a total of...
-
5. Consider the shape shown on the following graph and the brute force method of solving the convex hull problem 2 -2 -1 0 a. Label all the points that will be provided to the algorithm as input. You...
Study smarter with the SolutionInn App