<br/> -John Jones won a lottery that will pay him $4,000,000 after

twenty years. Assuming an appropriate interest rate is 5% compounded annually, what is the present value of this amount?
-Morgan Inc. took a physical inventory at the end of the year and determined that $780,000 of goods were on hand. In addition, Morgan, Inc. determined that $60,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $90,000 of goods out on consignment. What amount should Morgan report as inventory at the end of the year? 3.Risers Inc. reported total assets of $2,400,000 and net income of $320,000 for the current year. Risers determined that inventory was overstated by $24,000 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year?
4.Yummy, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,800 and received 8,500 pieces of candy that are allocated among three groups. Group A consists of 2,500 pieces that are expected to sell for $0.15 each. Group B consists of 5,500 pieces that are expected to sell for $0.36 each. Group C consists of 500 pieces that are expected to sell for $0.72 each. Using the relative sales value method, what is the cost per item in Group A?
5.Sunny Company had a gross profit of $620,000, total purchases of $840,000, and an ending inventory of $480,000 in its first year of operations as a retailer. Sunny’s sales in its first year must have been?