On november 1 of year 0, jaxon borrowed $38,000 from bucksnort savings and loan for use in his business. in december, jaxon paid interest of $3,420 relating to the 12-month period from november of year 0 through october of year 1.

(do not round intermediate calculations.)

how much interest, if any, can jaxon deduct in year 0 if his business uses the cash method of accounting for tax purposes?

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

Taking commercial paper means the holder acts honestly

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage