Champion contractors completed the following transactions and events involving the purchase and operation of equipment in its business.

2012
jan. 1
paid $282,000 cash plus $11,280 in sales tax and $1,600 in transportation (fob shipping point) for a new loader. the loader is estimated to have a four-year life and a $28,200 salvage value. loader costs are recorded in the equipment account.

jan. 3
paid $5,000 to enclose the cab and install air conditioning in the loader to enable operations under harsher conditions. this increased the estimated salvage value of the loader by another $1,500.

dec. 31 recorded annual straight-line depreciation on the loader.

2013
jan. 1
paid $4,400 to overhaul the loader�s engine, which increased the loader�s estimated useful life by two years.

feb. 17 paid $1,100 to repair the loader after the operator backed it into a tree.
dec. 31 recorded annual straight-line depreciation on the loader.

required:
prepare journal entries to record these transactions and events.

Emily bought 200 shares of abc co. stock for $29.00 per share on 60% margin. assume she holds the stock for one year and that her interest costs will be $80 over the holding period. ignoring commissions, what is her percentage return (loss) on invested capital if the stock price went down 10%?

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.