On February 15, Jewel Company buys notes of Marcelo Corp. for $201,210. The investment is classified as long-term available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. The journal entry to record the purchase on February 15 is:a. Debit Debt Investments—HTM $201,210; b. credit Cash $201,210. Debit Debt Investments—AFS $201,210; c. credit Notes Payable $201,210. Debit Debt Investments—Trading $201,210; d. credit Cash $201,210. Debit Debt Investments—Trading $201,210; e. credit Notes Payable $201,210. Debit Long-Term Investments—AFS $201,210; credit Cash $201,210.

Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.