Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 7,600 Retained earnings $ 66,000 Buildings 80,600 Notes payable (due in 9 years) 62,000 Prepaid rent 8,600 Office supplies 5,200 Merchandise inventory 17,200 Land 54,000 Accounts payable 26,000 Accumulated depreciation-Building 8,200 Prepaid insurance 6,200 Mortgages payable (due in 5 years) 44,000 Accounts receivable 20,000 Cash 48,000 Common stock 26,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

What is the difference between the contractual interest rate and the market interest rate?

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.