Michelle has four credit cards with the balances and interest rates listed below. rather than budget to pay each of the credit cards off in 36 months, michelle would like to pay them off one at a time based on the balance for each credit card. in which order should michelle pay off her credit cards? credit card balance apr #1 $4,380 17% #2 $1,365 19% #3 $2,480 23% #4 $5,000 15% a. 1,2,3,4 b. 4,1,3,2 c. 4,3,1,2 d. 1,3,2,4 select the best answer from the choices provided a b c d

What is credit and debit in accounting

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.