On December​ 1, 2016, Gardner Products borrowed​ $92,000 on a​5%, 10-year note with annual installment payments of​ $9,200 plus interest due on December 1 of each subsequent year. Which of the following describes the first installment payment made on December​1, 2017? ​ (Round your answer to the nearest whole​ number.) A. ​$9,200 principal plus​ $460 interest
B. ​$4,600 interest only
C. ​$9,200 principal plus​ $9,200 interest
D. ​$9,200 principal plus​ $4,600 interest

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.