You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: a. If cash is borrowed on a $61,200, 11-month, 10% note on August 1, how much interest expense would be incurred by December 31?
b. The cash register total including sales taxes is $42,315, and the sales tax rate is 5%. What is the sales taxes payable?
c. If $42,315 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31?

Which feature transfers a slide show into a word-processing document?

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Which two of the following are benefits of consumer programs