Laln 03 Group 3)
Sam paid $24,000 as a down payment towards a house purchase and received a mortgage from a
bank for the rest. He paid $1380 at the end of every month for 30 years at an interest rate of 3.6%
compounded monthly to settle mortgage. What was the purchase price of his house?
a $303,533.29
b. $327,533.29
c.
$237,355.29
o

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.

The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.