Dan borrowed $745 for a new coffee table. He will make 10 monthly payments of $85 to repay the loan. How much will he pay

in interest?

$95

$745

$105

$85

$850

Gift economy is consist of where goods and services are exchanged without an expected or immediate return true or false

Equipment 300,000Notes Payable 270,000Cash 30,000Note that both the liability and asset will decline over time. As in yesterday's assignment, assume straight line depreciation, with an estimated salvage value of $50,000.

Which of these are considered broad economic goals? Dependability, equity, efficiency Freedom, equity, growth Reliability, honesty, freedom Security, justification, equality

On November 1, 20X1, Starbucks paid the rent of $90,000 for 40 of its stores in Colorado and Nebraska. The rent covers the period, November 1, 20X1 through March 31, 20X2.

WRT, a calendar year S corporation, has 100 shares of outstanding stock. At the beginning of the year, Mr. Wallace owned all 100 shares. On September 30, he gave 25 shares to his brother and 40 shares to his daughter.

Pharaoh Furniture factors $740000 of receivables to Concord Factors, Inc. Concord Factors assesses a 2% service charge on the amount of receivables sold. Pharoah Furniture factors its receivables regularly with Concord Factors.

When Slick Heating Company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push.

Most organizations in the United States are A. multicultural organizations B. plural organizations C. monolithic organizations D. both A and B E. both B and C

With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) Estimated losses on the overall contract are recognized before the contract is completed.

Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $10,000 of cash and land with an FMV of $55,000. Her basis in the land is $20,000.