Martha has borrowed $10,000, on which she is making annual interest-only payments at 10%, due on January 1 of each year. She makes annual deposits on January 1 to her savings account, which pays 5.25%, in order to accumulate enough to pay off the loan in ten years. The first payment and deposit are made one year after she borrows the money. Martha has just made the fourth savings deposit and interest payment. She now takes out a new loan, to be paid in six equal annual installments at 8%, the first payment due in one year. Payments for the new loan will equal the sum of her old interest payment plus annual savings deposit. She uses the new loan plus part of her savings account to pay off the original $10,000 loan. Determine how much she has left in her savings account after paying off the original loan.

Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize