As of december 31, the stanford company has the following information. use this information to answer questions 1 to 3.
cash $5,000
accounts receivable 15,000
inventory 40,000
prepaid insurance 3000
fixed assets 100,000
accounts payable 15,000
notes payable in 5 months 12,500
salary payable 25,000
notes payable in 5 years 35,000
owner’s equity 98,000
1. what is the company's quick ratio?
2. what is the company's working capital?
3. what is the company's current ratio?

The simple interest in a loan of $200 at 10 percent interest per year is

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?