Script's Book Store sold 864 items last week. They sold twice as many magazines as paperback books, and five times as many paperback books as hardbound books. How many of each product was sold? a. Magazines ____________ b. Paperbacks ____________ c. Hardbound ____________

Tammy purchases a $320,000 house with a $288,000 loan. Her private mortgage insurance covers 25% of the loan amount. Tammy later defaults, and the Foreclosure sale results in a $82,600 loss. How much of the loss Will the lender have to absorb?

A. $0 B. $2,600 C. $10,600 D. $61,950

Robert owns and operates a dry cleaning store as a sole proprietorship. Robert needs more

money for the business, so Janet agrees to lend him the money. Janet is to receive one-half of the net income of the dry cleaning store until the loan and interest is paid. This situation is: A) A partnership because they share profits. B) A partnership because there is an association of two or more people. C) Not a partnership. D) A partnership because they own the business together. E) A partnership because they are carrying on a trade or business.