The mazzanti wholesale food company's fiscal year-end is june 30. the company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. assume all quarterly adjusting entries were properly recorded. on december 1, 2020, the company paid its annual fire insurance premium of $2,800 for the year beginning december 1 and debited prepaid insurance. on august 31, 2020, the company borrowed $42,500 from a local bank. the note requires principal and interest at 8% to be paid on august 31, 2021. mazzanti owns a warehouse that it rents to another company. on january 1, 2021, mazzanti collected $17,600 representing rent for the 2021 calendar year and credited deferred rent revenue. depreciation on the office building is $13,200 for the fiscal year. employee salaries for the month of june 2021 $14,000 will be paid on july 20, 2021. prepare the necessary year-end adjusting entries at the end of june 30, 2021, for the above situations. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.

Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.