Vincent has set a financial goal to purchase a home in five years. he wants a two-bedroom house with a small backyard in the north side of the city. he has $5,000 currently in his savings account. if he doesn't deposit or withdraw any money, what type of savings account should he choose? keep in mind that he wants to have the most money in his account at the end of five years. using the scenario above, what type of savings account should vincent choose? use the information you just learned about vincent and the information you have learned in the last three lessons to decide which savings option is best for vincent. use the paced decision-making method and show your work.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Based on what you learned about time management which of these statements are true