Jack hammer company completed the following transactions. the annual accounting period ends december 31. apr. 30 received $600,000 from commerce bank after signing a 12-month, 6 percent, promissory note. june 6 purchased merchandise on account at a cost of $75,000. (assume a perpetual inventory system.) july 15 paid for the june 6 purchase. aug. 31 signed a contract to provide security service to a small apartment complex starting in september, and collected six months’ fees in advance amounting to $24,000. dec. 31 determined salary and wages of $40,000 were earned but not yet paid as of december 31 (ignore payroll taxes). dec. 31 adjusted the accounts at year-end, relating to interest. dec. 31 adjusted the accounts at year-end, relating to security service.

In order to minimize project risk which step comes after the step of identifying risks

Your take on decision making process

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.