Cypress systems inc., of florida, agrees to sell specialized hydroponic growing equipment to landcaster's of australia. because the two companies have never done business with each other, cypress requires a banker's acceptance as payment for the $1,000,000 order. the banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. if cypress inc. chooses to discount or sell the bankers acceptance to its bank, the discount rate is 1.00% per annum. what is the size of the discount (not including the commission fee) cypress must take for receiving the proceeds of the sale today rather than waiting for six months? a $7,000 b $5,000 c $12,000 d $14.000

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?