Bramble corporation operates a retail computer store. to improve delivery services to customers, the company purchases four new trucks on april 1, 2020. the terms of acquisition for each truck are described below.
1. truck #1 has a list price of $25,950 and is acquired for a cash payment of $24,047.
2. truck #2 has a list price of $27,680 and is acquired for a down payment of $3,460 cash and a zero-interest-bearing note with a face amount of $24,220. the note is due april 1, 2021. bramble would normally have to pay interest at a rate of 10% for such a borrowing, and the dealership has an incremental borrowing rate of 8%.
3. truck #3 has a list price of $27,680. it is acquired in exchange for a computer system that bramble carries in inventory. the computer system cost $20,760 and is normally sold by bramble for $26,296. bramble uses a perpetual inventory system.
4. truck #4 has a list price of $24,220. it is acquired in exchange for 950 shares of common stock in bramble corporation. the stock has a par value per share of $10 and a market price of $13 per share.

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?