Financial Accounting Homework 1

Financial Accounting Homework 1 - Problem 1.1 After winning...

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Problem 1.1 After winning the lottery and being paid $200,000 a year for the next five years, I would strongly consider three actions. One would be to pay off all my debt. My other option would be to invest in company stock. I would choose a company that deals with computer technology since computers are and will continue to be the wave of the future. The other option would be to invest in bank deposit. I would do this because the money would be invested giving me a return at some point in time and I would have my eyes off of the money. If I do not have it in my possession, I will not spend it. I would prefer to get yearly payments for the next five years because if I receive a lump sum, I will spend the money before I know it. It is better to get some pieces of the “cheese” instead of the whole cheese because I would eat the whole cheese. Problem 1.2 User of Information Management Stockholders Banker 1. Amount of current debt, repayment schedule and interest rate. ---A----- ---B----- ---A----- 2. Fair market value of the building
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