Arthur has an April credit card balance of $325. 24. His repayment date is the 25th of every month, with a grace period of 5 days. If his payment is late, the credit card company charges him a $25 late fee. Arthur wants to repay the full amount to have a zero balance. How much should Arthur pay if his online payment is processed on May 1? $325. 24, the April balance $25, the April late fee $350. 24, the April balance plus the late fee $300. 24, the April balance minus the late fee.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: