A firm has borrowed $1 million and assigned its receivables to the lender. Because of defaults, the receivables prove insufficient to cover the debt. In this case, the:

Downs Tax Planning Service bought communications equipment for $9,600 on January 1, 2017. It has an estimated useful life of five years and zero residual value. Downs uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. As of June 30, 2017, the balance in the Accumulated Depreciation account for this equipment is ________.

A) $160 B) $1,920 C) $800 D) $960

Which of the following is the correct opportunity cost to consider if you are trying to choose one 3-hour elective course (A ) over another 3-hour elective course (B )?

A) The tuition cost of a 3-hour course B) Your total tuition costs for the year with and without the course C) The information and learning from (B) that you will give up if you choose (A) D) The marginal costs of taking one more course