Lumpledon Status: QUESTION 37 John is buying a motorhome. He has the following options Option 1: Purchasing the motorhome for $62,880 from Honest Susie. Under this deal he would pay 10% down and making 60 equal monthly which would include interest at 6%. Not being complete sure of the trustworthiness of Susie, he caled the bank and, indeed, 6% was the going rate on such purchases Option 2: Dealing Dave has offered the bus of $75,000. Under this deal, he would pay no money down and annual interest payments of 2%. Then at the end of the fifth year, he would pay the $75.000 Option 3: Mostly Honest Bill would sell him the bus to $72,000. Under this deal he would put no money down and pay the 72,000 in 48 equal monthly payments that include interest at 3% What would be the monthly payments under Mostly Honest Bill's deal? O A. none of the listed choices O B. $ 1,690.92 OC. $4,600.63 OD. $2,849.60 O E. $1,593.67 QUESTION 38 On lanuary 1, 2019. Declan Diaper Co. declared a $2.00 per share dividend payable on February 1, to holders of record on January 15. Before the dividend was declared, the company had 200,000 shares of $10 par value stock outstanding On the date of payment, the journal entry would include a O A a credit to Cash of $400,000 O B. a debit to Retained Earnings of $ 400,000 OC. There would be no journal entry on this date. O D. a credit to Dividends Payable of $ 400,000 O E a credit to Retained Earnings of $ 400,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Show Timer Question Completion Status: QUESTION 44 Treasury Stock is O A. sometimes an asset OB. an owners' equity account OC. an expense on the date purchased D.a liability account O E a contra dividend account QUESTION 45 Freeland Company sells Popits for $20. The following is the projected Income Statement for 2018. Variable costs are the cost of the Popits, $10 each, plus a 10% sales commission paid to the worker. Sales $300,000 Cost of Popits Sold 150.000 Gross Margin 150,000 Operating Expenses Salaries and Commissions 60,000 Rent 24,000 Other Fixed Expenses 10.000 Total Operating Expenses 94.000 Net Income $ 56.000 For Freeland, the number of Popits she needs to sell to break even are A. 8,000 B. 6,620 OC need more information to calculate this D. 11.750 OE. 9,074 Question Completion Status: QUESTION 46 Still Freeland, the sales (in dollars) of popits necessary to make $120,000 per year is approximately O A none of the listed choices O B. $184,000 O C. $174,000 O D. 5405,500 O E. $460,000 QUESTION 47 Zach Co, issued a 10-year, $100,000 face, 8 coupon rate bond to yield 12%. The journal entry to record the issuance of the band would include O A. A debit to cash of $100,000.00 OB. A credit to interest payable of $7,739.91 OC. A debit to bond discount of $22,600.89 OD. A credit to bonds payable of $ 77,399.11 OE. A credit to premium on bonds payable of $ 22,650.89 QUESTION 48 For Zach Company's bonds, if they were issued the first day of 2019 (8% face priced to yield 12%) and the first year's interest was paid on December 31, 20198 tre entry to record that interest would include: O A Acredit to cash of $ 8,771.09 B. A debit to interest expense of $8,000.00 C. Acredit to interest payable of $8,000.00 D. A debit to bond discount of $ 1,287.89 E Acredit to bond discount of $ 1.287.89 Question Completion Status: QUESTION 49 You have noticed an ad listing a motel for sale. Aber doing some research, you estimate that the 20 rooms can be rented for 500 per day with an ocupancy rate of BON per year. You have found a management company that will run the motel and take care of daily housekeeping for 10% of the rents. You estimate that repairs and maintenance costs will be $3,000 per month and that other cash expenses will be $4,000 per month. You plan to sell the motel at the end of the third year for $500.000 How much are annual net cash flows? What would be the annual net cash flows for the motel? O A $ 119,040 OB. $ 231,360 OC. $ 262,336 OD. $ 58,948 O E none of the listed choices QUESTION 50 According to the article "What it takes to be Great, the best people in any field O A devote the most hours to "deliberate practice OB need about 6 years of hard work to become world-class o start with some natural talent D. none of these are true OE. A and B are true he rared for rea with A y at QUESTION 51 You have lived an ad thamans m anha in A metal for Ale Ale well as Sand Santos and watch Swall