Presented below are changes in all the account balances of bramble furniture co. during the current year, except for retained earnings. increase (decrease) increase (decrease) cash $70,360 accounts payable $(52,610 ) accounts receivable (net) 48,300 bonds payable 84,270 inventory 133,900 common stock 134,700 investments (47,730 ) paid-in capital in excess of par—common stock 13,220 compute the net income for the current year, assuming that there were no entries in the retained earnings account except for net income and a dividend declaration of $23,000 which was paid in the current year.

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

When you hire an independent contractor you don't have to pay the contractors what