On may 1, year 1, benz’s sandwich shop loaned $18,000 to mark henry for one year at 9 percent interest. required a. what is benz’s interest income for year 1? b. what is benz’s total amount of receivables at december 31, year 1? c. how will the loan and interest be reported on benz’s year 1 statement of cash flows? d. what is benz’s interest income for year 2? e. what is the total amount of cash that benz’s will collect in year 2 from mark henry? f. how will the loan and interest be reported on benz’s year 2 statement of cash flows? g. what is the total amount of interest that benz’s earned on the loan to mark henry?

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.