Security norms aid in receiving the product of your labor

Delmont Movers has a profit margin of 7.1 percent and net income of $63,700. What is the common-size percentage for the cost of goods sold if that expense amounted to $522,600 for the year?

a. 12.19% b. 23.50% c. 53.25% d. 61.06% e. 58.25%

A seller under a real estate purchase agreement agrees to pay in full a street bond affecting the property. The original amount of the lien was $1,800 payable in 10 equal payments plus interest of 6% per annum. January 1 is the due date of each bond payment. Two payments have been made and payments are current. If the transaction closes on April 1, what will be the approximate amount charged to the seller's account to pay the bond balance in full:

A: $1,526; B: $1,483; C: $1,462; D: $1,429.