QUESTION 41 1. John is buying a motorhome. He has the following options Option 1: Purchasing the motorhome for 62 trom Honest Susie Under this dealne would pay 10% down and making 66 equal monthly which would inchide interest 6% Not being complete sure of the trustworthiness of Susie, he called the bank and Indeed, 5% was the going rate on such purchases. La contra dividend accour QUESTION 45 L Freeland Company ses opts for 20 The blowing the projected income Statement for 2011 Variable costs are the cost of the Bops 510 each, a 10% sales como pad t e woer Sold Opeon 2. Dealing Dave has offered the bus of 575,000. Under this deal, he would payne money down and annual interest payments of 2%. Then at the end of their year, he would pay the 575,000 Contot Co Maron pering Option 3: Mostly Honest Bull would wall him the bus to 572,000. Under this deal he would put no money down and pay the 72,000 in 48 equal monthly payments that include interesat 3% In operating For Freeland, the ranber of Pope she needs to sell to be Dipeed more information calcul What would be the monthly payments under Mostly Honest Bit's deal? C A none of the listed choices OR$4,600 63 CC5 1,690.92 CDS 1.593 67 LS2849 GO QUESTION 42 A ten year, 10% $1.000.000. zero coupon bond issued on January 1. The interest e pense for the first year would be approximately CAS 38,554 CLS 385,554 C $ 46.679 CD none of the listed choices C S 100.000 QUESTION 43 1. The matching conceptis CA Revenues Cost of Goods Sold operating expenses Recording all expenses incurred in generating the revenues of a period cc. Debits = Credits C n. Having the same number of cours on the balance sheet last year C B Assets Liabilities + Owners' Equity QUESTION 44 1. Treasury Stock is c an expense on the date purchased c an owners' equity account c alability account CD, sometimes an asset QUESTION 46 1. Stil Freeland, the sales in dollars) of posits necessary to make $120,000 per year is approximately CA $460.000 C 5405.500 cc none of the listed choices CD 5174,000 $184 000 QUESTION 47 1. Zach Co issued a 10 year $100 000 face 8% coupon rate bond to yield 12%. The joumal entry to record the issuance of the bond would include C A debito bond discount of $22.600.89 C B A credit to interest payable of 57.739 91 A credit to premium on bonds payable of $ 22,600 89 CDA credit to bond paytle of $ 77,399.11 CEA debit to cash of $100 000.00 QUESTION 48 1. For Zach Company's bonds, they were issued the first day of 2019 % face priced to yield 12%) and the first year's interest was paid on December 31, 20190, the entry to record that interest would include CAA credit to cash of $ 8.771 09 C B A debit to interest expense of $8,000.00 A credit to bond discount of $ 1.287.89 CDA debit to bond discount of $ 1,287.89 C LA credit to interest payable of $8,000.00 QUESTION 49 According to the article "What it takes to be rear, the best people in any field Adevute the mothers to deliberate partie QUESTION 52 1. You have noticed and sing a model for sale Aer doing some research, you este that the 20 room can be rented for 350 per day with an occupancy rule of 30% per year. You have found a management company that will run the motel the care of daily housekeepeg for 10% the You estrate that i s and maintenance costs will be 1000 per month and that the camera will be $4.000 per month You plan to sell the motel at the end of the year for 500 000 How are annunc canh tows? What would be the annual cash flows for the motel CAS 58.948 035231.360 $262.336 CD.none of the listed choices CES 119.040 QUESTION 53 many has three models of scocters, the Asia, the roy and need about 6 years of hard work to become world QUESTION 50 1. You have noticed an ad sing a motel for sale. Mer doing some research, you estimate that the 20 rooms can be rented for 960 per day with an occupancy rate of 80% per year. You have found a management company that will the model d e care of daily housekeeping for 10% of the rent You estimate that repair and maintenance costs will be $3 000 per month and that other cash expenses will be $4,000 per month You plan to all the model the end of the turd year for $500.000 How much are annual cash fows? Estimated Sales are $ 60,000,000 Ignoring taxes, how much would you pay for the model to earn exactly 20% on your investment? CA none of the listed choices C $ 776.708 S269 360 C $ 231.360 OE$ 487 356 QUESTION 51 Which account will never be included in a dosing ournal entry Allowance for Doubtful Accounts Cost of Sales Retained Earnings CD Sales Interest expense