City Loans wants to earn an effective annual return on its consumer loans of 18.9 percent per year. The bank applies daily compounding. What interest rate is the firm required by law to report to potential borrowers?

Good Eats Inc. manufactures flatware sets. The budgeted production is for 80,000 sets this year. Each set requires 2.5 hours to polish the material.

A company uses the allowance method to account for uncollectible accounts. During the year, the company has actual bad debts of $23,000. Record the write-off of the uncollectible accounts.

If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period?

Kent bought a $2,000, 20-year U. S. Treasury bond that paid six percent annual yield when he was 22. How much would that bond be worth 20 years later when it matured?

Which describes the liability of an owner of a sole proprietorship?

True or False: Most of the value added included in GDP in the United States is added by businesses rather than consumers.

The Acmeville Metropolitan Bus Service currently charges $0.67 for an all-day ticket, and has an average of 623 riders a day.

Jonathan is in the process of refinancing his home loan. Due to the lowering of interest rates and Jonathan's credit score improvement, he has been able to secure a conventional loan with an excellent annual percentage rate.

Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 35 cents per share and the share price increases to $25. What has Drew's annual return been on the stock?

Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike breaches the contract and delivers no coffee. Lori's damages will likely be