Lake power sports sells jet skis and other powered recreational equipment. customers pay one-third of the sales price of a jet ski when they initially purchase the ski, and then pay another one-third each year for the next two years. because lake has little information about the ability to collect these receivables, it uses the installment sales method for revenue recognition. in 2020, lake began operations and sold jet skis with a total price of $630,000 that cost lake $315,000. lake collected $210,000 in 2020, $210,000 in 2021, and $210,000 in 2022 associated with those sales. in 2021, lake sold jet skis with a total price of $1,830,000 that cost lake $1,098,000. lake collected $610,000 in 2021, $420,000 in 2022, and $420,000 in 2023 associated with those sales. in 2023, lake also repossessed $380,000 of jet skis that were sold in 2021. those jet skis had a fair value of $142,500 at the time they were repossessed. in its december 31, 2021, lake profit would be:
a. $0
b. $340,000
c. $852,000
d. $650,000
also include explanation

According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal

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.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be: