(Effective Annual Rate vs. APR/Quoted Rate) You have two options for borrowing a lump-sum of money over the next 5 years – to be paid back in one single “balloon payment.” The first option charges you 10% (annual, APR) interest with monthly compounding. The second option charges you 9.9% (annual, APR) interest with weekly compounding. What are the effective annual rates (EAR’s) in each case? Which should you choose and why?

Who collects federal taxes? a. irs b. ins c. treasury d. federal reserve

Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?