You are the new controller for moonlight bay resorts. the company cfo has asked you to determine the company's interest expense for the year ended december 31, 2018. your accounting group provided you the following information on the company's debt: (fv of $1. pv of $1, fva of $1. pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) 1. on july 1, 2018, moonlight bay issued bonds with a face amount of $2,600,000. the bonds mature in 10 years and interest of 11% is payable semiannually on june 30 and december 31, the bonds were issued at a price to yield investors 12%. moonlight bay records interest at the effective rate of $690,000. the annual payment is $155,000, payable each june 30 of $80,000 beginning january 1, 2018. moonlight bay's incremental borrowing rate on the date of the lease was 2. at december 31, 2017, moonlight bay had a 10% installment note payable to third mercantile bank with a balance 3. on january 1, 2018, moonlight bay leased a building under a finance lease calling for four annual lease payments 12% and the lessor's implicit rate, which was known by moonlight bay, was 11%. required calculate interest expense for the year ended december 31, 2018. (round your answer to nearest whole dollar.)

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business. the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct. d.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.