Most consumer loans payments are monthly
Indicate whether the statement is true or false.
Answer: TRUE
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The following data is for the Matt Company for 2018: Loss on sale of equipment$4,000 Purchase of Ithaca Corp. bonds (face value $400,000) 375,000 Proceeds from sale of machinery 200,000 Dividends paid 25,000 Proceeds from sale of treasury stock 100,000 The amount reported as net cash from investing activities is:
A. $ 87,500. B. $ (150,000). C. $ 575,000. D. $ (175,000).
Exhibit 20-5 The Baltimore, Inc entered into a five-year lease with the Waugh Chapel Company on January 1, 2016. Baltimore, the lessor, will require that five equal annual payments of $25,000 be made at the beginning of each year. The first payment will be made on January 1, 2016. The lease contains a bargain purchase option price of $12,000, which the lessee may exercise on December 31, 2020
The lessee pays all executory costs. The cost of the leased property and its normal selling price are $95,000 and $118,236, respectively. Collectibility of the future lease payments is reasonably assured, and the lessor does not expect to incur any future costs related to the lease. Present value factors for a 7% Present value of $1 for n = 1 0.934579 Present value of $1 for n = 5 0.712986 Present value of an ordinary annuity for n = 5 4.100197 Present value of an annuity due for n = 5 4.387211 ? Refer to Exhibit 20-5. If Baltimore requires a 7% annual return, what is the correct amount of interest revenue to be recognized by Baltimore for 2016 (round the answer to the nearest dollar)? A) $7,774 B) $7,175 C) $6,527 D) $5,928
Inflation is an example of ______ forces in an organization's general environment.
a. economic b. technological c. political-legal d. sociocultural e. demographic
Abnormal spoilage is
a. Accounted for as a product cost. b. Spoilage that is in excess of planned. c. Spoilage that is forecasted or planned. d. Debited to cost of goods sold.