On september 1 of the current year, zimmerman collected six months' rent of $8,220 on storage space. at that date, zimmerman debited cash and credited unearned rent revenue for $8,220. on october 1 of the current year, the company borrowed $15,600 from a local bank and signed a one-year, 14 percent note for that amount. the principal and interest are payable on the maturity date. depreciation of $1,700 must be recognized on a service truck purchased in july of the current year at a cost of $15,000. cash of $5,700 was collected on november of the current year, for services to be rendered evenly over the next year beginning on november 1 of the current year. unearned service revenue was credited when the cash was received.

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve