Concord Corporation assigned $1589000 of accounts receivable to Ivanhoe Company as security for a loan of $1340000. Ivanhoe charged a 3% commission on the amount of the loan; the interest rate on the note was 9%. During the first month, Concord collected $412000 on assigned accounts after deducting $1500 of discounts. Concord accepted returns worth $5000 and wrote off assigned accounts totaling $11900. Entries during the first month would include a

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Because the demand for wheat tends to be inelastic. true or false