Dennis has just made the final monthly payment necessary for paying off his car financing. when he purchased the car three years ago, it had a list price of $23,878. dennis traded in his good-condition 2001 honda odyssey and financed the rest of the cost at an interest rate of 11.82%, compounded monthly. the dealer gave dennis 85% of the trade-in value of his car, listed below. dennis was also responsible for paying 9.05% sales tax, a $1,474 vehicle registration fee, and a $225 documentation fee. all told, how much did dennis pay in interest? (round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid.)
a.$3,919.77b.$3,906.80c.$4,599.44d. $3,668.52

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.