On january 2, 20x1, blake co. sold a used machine to cooper, inc., for $900,000, resulting in a gain of $270,000. on that date, cooper paid $150,000 cash and signed a $750,000 note bearing interest at 10%. the note was payable in three annual installments of $250,000 beginning january 2, 20x2. blake appropriately accounted for the sale under the installment method. cooper made a timely payment of the first installment on january 2, 20x2, of $325,000 which included accrued interest of $75,000. what amount of deferred gross profit should blake report on december 31, 20x2? a. $150,000b. $172,500c. $180,000d. $225,000

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

If you miss two payments on a credit card what is generally the penalty

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.