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

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.