Bill was going to purchase a new mountain bike with his credit card, which he thought had an apr of 13%. his plan was to keep his payments around $75 per month for 24 months. he then found out that his credit card actually had an apr of 17%. which of the following would not allow bill to purchase a bike while keeping the same monthly payment?
a. purchase a bike that costs less.
b. wait for the bike he wants to go on sale for a cheaper price.
c. purchase the bike in a part of town with a higher sales tax rate.
d. increase the number of months he wants to use to pay off the balance.
select the best answer from the choices provided a b c d

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Keshawn used to work for an it company in baltimore, but lost his job when his company decided to use workers in new delhi instead. this is an example of: