Rec room equipment company received a $10,200, six-month, 7 percent note to settle an $10,200 unpaid balance owed by a customer. a. the note is accepted by rec room on november 1, causing the company to increase its notes receivable and decrease its accounts receivable. b. rec room adjusts its records for interest earned to its december 31 year-end. c. rec room receives the interest on the note's maturity date. d. recroom receives the principal on the note's maturity date.

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?

Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?