Hunt co. purchased merchandise for 300,000 british pounds from a vendor in london on november 30, 20x1. payment in british pounds was due on january 30, 20x2. the exchange rates to purchase one pound were as follows: 11/30/x1 12/31/ -rate $1.65 $1.6230-day rate 1.64 1.5960-day rate 1.63 1.56in its december 31, 20x1, income statement, what amount should hunt report as foreign exchange gain? a. $12,000b. $9,000c. $6,000d. $0

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.