Gudenas company makes a credit card sale to a customer for $500. the credit card sale has a grace period of 30 days and then an interest charge of 18% per year or 1.5% per month is added to the balance. if the unpaid balance on the above sale is $300 at the end of the grace period, the interest charge is?

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of