On december 1, 20x1, money co. gave home co. a $200,000, 11% loan. money paid proceeds of $194,000 after the deduction of a $6,000 nonrefundable loan origination fee. principal and interest are due in 60 monthly installments of $4,310, beginning january 1, 20x2. the repayments yield an effective interest rate of 11% at a present value of $200,000 and 12.4% at a present value of $194,000. what amount of income from this loan should money report in its 20x1 income statement? a. $0b. $1,833c. $2,005d. $7,833

Jagjit company designs and builds retaining walls for individual customers. on august 1, there were two jobs in process: job 93 with a beginning balance of $8,650, and job 94 with a beginning balance of $7,270. jagjit applies overhead at the rate of $9 per direct labor hour. direct labor wages average $16 per hour. data on august costs for all jobs are as follows:

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4