Justine really wants to open her own clothing store where she will be the sole
owner, but she has a few issues. She doesn't have a strong business plan that
people would buy into just yet, but she does have good financial standing.
Because she doesn't have start up money, she doesn't have the funds to begin
her orders so she can't even make money from selling clothes. Which of
these would be most beneficial to Justine right now in raising capital?
O
A. Investors
O
B. Selling products and services
O
C. Loan
O
D. Crowdfunding

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900

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