Thomas is thinking about the car he wants to buy in a few years. He doesn't know what he should do right now so that he can buy the car. What should Thomas do?

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $3.5 million, and the 2015 balance sheet showed long-term debt of $3.5 million. The 2015 income statement showed an interest expense of $160,000.

Which of the following statements about changes in accounting estimates are correct? (Select all that apply.) a) A revision of an original estimate made in bad faith should be accounted for as a correction of an error.

While industry forces have been favorable for a long time in the U. S. automotive industry, recent dynamics have lowered the profit potential of competing in this industry and thus reduced its attractiveness.

On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a net loss of $1,834 million from operations.

A company that produces a single product had a net operating income of $90,000 using variable costing and a net operating income of $125,750 using absorption costing.

Katie needed to take out three loans. a) First, she paid $596.24 in interest on a nine-month loan for which the rate was 11%. How much money did she borrow? b) A year later, Katie borrowed $10,000 for three months.

During the year, total liabilities increased $105,000 and stockholders' equity decreased $83,000. What is the amount of total assets at the end of the year?

What is cosideration

With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep interest rates low. This policy is known as

Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.