On december 1, 20x1, money co. gave home co. a $200,000, 11% loan. money paid proceeds of $194,000 after the deduction of a $6,000 nonrefundable loan origination fee. principal and interest are due in 60 monthly installments of $4,310, beginning january 1, 20x2. the repayments yield an effective interest rate of 11% at a present value of $200,000 and 12.4% at a present value of $194,000. what amount of income from this loan should money report in its 20x1 income statement? a. $0b. $1,833c. $2,005d. $7,833

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .