Michaela transferred a balance of $5275 to a new credit card at the beginning of the year. The card offered an introductory APR of 8.1% for the first 4
months and a standard APR of 34.5% thereafter. If the card compounds
interest monthly, which of these expressions represents Michaela's balance
at the end of the year? (Assume that Michaela will make no payments or new
purchases during the year, and ignore any possible late payment fees.)

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?