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Susan wins a state lottery of $3 million. She will be paid $300,000 at the beginning of every year for the next 10 years. In
Susan wins a state lottery of $3 million. She will be paid $300,000 at the beginning of every year for the next 10 years. In order to calculate the value of the lottery today, she should O multiply $300,000 by the present value of annuity due of 1 factor. O multiply $300,000 by the future value of annuity due of 1 factor. O multiply $300,000 by the present value of 1 factor. O multiply $300,000 by the future value of 1 factor Question 8 (3 points) On April 2nd, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, n/30. If net method was used to record the sales (cash) discounts, Kelvin should record $40,000 of "accounts receivable" on April 2nd. $400 of "sales discount" when the entire account was collected on April 5th. $39,600 of "accounts receivable" on April 2nd. $400 of "sales discount forfeited" when the entire account was collected on April 5th
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