$65,000 is borrowed, to be repaid in 3 equal payments with 13% interest. Approximately how much principal is amortized witht he first payment?

Amoeba Manufacturing, Inc provided the following information for the year

Purchases-Raw Materials $91,000 Plant Utilities and Insurance 66,000 Indirect Materials 11,240 Indirect Labor 4,340 Direct Materials Used in Production 99,000 Direct Labor 119,500 Depreciation on Factory Plant & Equipment 5,000 The inventory account balances as of January 1 are given below. Raw Materials Inventory $44,000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 50,000 What is the ending balance in the Raw Materials Inventory account? A) $135,000 B) $6,000 C) $110,240 D) $24,760

Calculate the advertising elasticity if a company has a 1.3% change in sales and a 5.2% change in ad expenses

A) 0.25 B) 0.52 C) 0.4 D) 4.0 E) 6.5