Exercise 6-11 (part level submission) pronghorn excavating inc. is purchasing a bulldozer. the equipment has a price of $92,800. the manufacturer has offered a payment plan that would allow pronghorn to make 6 equal annual payments of $20,074.07, with the first payment due one year after the purchase. collapse question part (a) correct answer. your answer is correct. how much total interest will pronghorn pay on this payment plan? (round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.) total interest $entry field with correct answer 27644 click if you would like to show work for this question: open show work link to text attempts: 2 of 3 used collapse question part (b) incorrect answer. your answer is incorrect. try again. pronghorn could borrow $92,800 from its bank to finance the purchase at an annual rate of 7%. click here to view factor tables should pronghorn borrow from the bank or use the manufacturer’s payment plan to pay for the equipment? (round answer to 0 decimal places, e. g. 7%.) manufacturer's rate entry field with incorrect answer 6 % entry field with incorrect answer click if you would like to show work for this question: open show work

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.

Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.