Jah-Malya can afford a car payment of $400 per month for 48 months at an annual rate of 8.25 percent interest. Which of the following is closest to the amount she will be able to borrow for a new car?
A) $16,306
B) $4,741
C) $22,656
D) $12,997
Answer: A
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Patty and Paul are partners who share income in the ratio of 3:2 . Their capital balances are $90,000 and $130,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Paul's capital balance after closing Income Summary to the capital accounts?
a. $120,000 b. $146,000 c. $164,000 d. $160,000
Under LIFO, the units in the ending inventory represent the most recent purchase(s)
a. True b. False Indicate whether the statement is true or false
On a cost of quality report, appraisal costs:
a. include the cost of quality circles where employees meet to discuss how they can improve processes. b. are incurred to determine the value of a damaged product. c. are incurred to identify which products do not conform to specification before they are shipped. d. include the cost to correct defective units before they are shipped.
The manager of a packaging and shipping company has set a goal of increasing the customer base by 2.5 percent in the next two months. In this scenario, the manager has set a _____.
A) ?distal goal B) ?quixotic goal C) ?visionary goal D) ?proximal goal