You have just taken out a 30-year mortgage on your new home for $120,000. This mortgage is to be repaid in 360 equal monthly installments
If the stated (nominal) annual interest rate is 14.75 percent, what is the amount of each of the monthly installments? Round to the nearest whole dollar.
A) $1,515
B) $1,472
C) $1,493
D) $1,522
E) $1,440
C
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As a result of a physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 2015. This count did not take into consideration the following facts: Bretton Consignment currently has goods worth $47,000 on its sales floor that belong to Horace but are being sold on consignment by Bretton. The selling price of these goods is $75,000. Horace purchased $22,000 of goods that were shipped on December 27, FOB Destination, that will be received by Horace on January 3. Determine the correct amount of inventory that Horace should report.
A. $367,000 B. $340,000 C. $320,000 D. $387,000
You made a list of things to do when involved in an auto accident — but you lost it. You have just been in a wreck with another vehicle. What are five important things to do now?
What will be an ideal response?