Emma sanchez is currently renting an apartment for $725 per month and paying $275 annually for renter’s insurance. she just found a small townhouse she can buy for $185,000. she has enough cash for a $10,000 downpayment and $4,000 in closing costs. her bank is offering 30-year mortgages at 5 percent per year. emma estimates the following costs as a percentage of the home’s price: propertytaxes, 2.5 percent; homeowner’s insurance, 0.5 percent; and maintenance, 0.7 percent. she is in the 22 percent tax bracket and does not plan to itemize deductions on her taxes. emma estimates that the value of the home will appreciate 2 percent per year. using worksheet 5.2, calculate the cost of each alternative and recommend the least costly option—rent or buy—for emma.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.