Miles and nick each separately apply for and receive loans worth $5,000 apiece. miles has a very good credit score, so his loan has an apr of 7.75%, compounded monthly. nick’s credit score is rather low, so his loan has an apr of 13.10% interest, compounded monthly. if both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will nick have paid than miles? (round all dollar values to the nearest cent.) a.$619.68 b.$267.50 c.$1,609.57 d.$1,070.00

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?