On december 31, 2016, green company finished consultation services and accepted in exchange a promissory note with a face value of $550,000, a due date of december 31, 2019, and a stated rate of 5%, with interest receivable at the end of each year. the fair value of the services is not readily determinable and the note is not readily marketable. under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%.

the following interest factors are provided: interest rate table factors for three periods 5% 10%

qs) prepare a schedule of note discount amortization for green company under the effective interest method.

date 12/31/16 12/31/17 12/31/18 12/31/19 cash interest (5%) effective interest (10%) discount amortized unamortized discount balance present value of note 27500 27500 27500 82500

future value of 1 1.15763 // 1.33100

present value of 1 0.86384// 0.75132

future value of ordinary annuity of 1 3.15250 //3.31000

present value of ordinary annuity of 1 2.72325// 2.48685

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b. compensating differentials c. monopoly wages d. wages based on human capital development of each employee