Some studies have suggested that up to 70% of lottery winners lose their winnings within as short of a period as seven years. Which of the following statements are correct regarding advice for a lottery winner? 1. Principal protection is the most important issue. 2. It is extremely important to invest lottery winnings quickly to take advantage of opportunities to grow the principal. a) 1 only
b) 2 only
c) both 1 and 2
d) neither 1 nor 2

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.