When disney and charles decided to incorporate their partnership, the trial balance was as follows:
debit credit
cash $ 50,000
accounts receivable (net) 25,000
inventory 55,000
equipment (net) 120,000
accounts payable $ 40,000
disney, capital 140,000
charles, capital 70,000
total $ 250,000 $ 250,000
the partnership's books will be closed, and new books will be used for d & c corporation. the following additional information is available:
1. the estimated fair values of the assets follow:
accounts receivable $ 22,000
inventory 48,000
equipment 95,000
2. all assets and liabilities are transferred to the corporation.
3. the common stock is $5 par. disney and charles receive a total of 24,000 shares.
4. disney and charles share profits and losses in the ratio 6: 4.
required:
a. prepare the entries on the partnership's books to record (1) the revaluation of assets, (2) the transfer of the assets to the d & c corporation and the receipt of the common stock, and (3) the closing of the books.
b. prepare the entries on d & c corporation's books to record the assets and the issuance of the common stock.

answerinsider trading

answer; planning;

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.