Candice wants to buy a $2500 scooter with a loan from her local bank. which loan option would be best for candice if she wants the lowest interest rate and wants to pay off the scooter within 5 years.
a. loan option 1 will take less than 4 years to pay off and have an annual interest rate of 15%, and total interest of about $700.
b. loan option 2 will take 3 years to pay off, at which point she will have paid $1,050 in interest.
c. loan option 3 will take 7 years to pay off, and the total paid for the scooter will be $3200.
d. loan option 4 will take 5 years to pay off, and the total paid for the scooter will be $3500.

Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?