At the beginning of the year, shinedown, corp., had a long-term debt balance of $47,130. during the year, the company repaid a long-term loan in the amount of $13,155. the company paid $5,080 in interest during the year, and opened a new long-term loan for $11,580. how much is the ending long-term debt account on the company's balance sheet?
a.$48,705
b.$53,630
c.$50,635
d.$6,655
e.$45,555

Grace period is a period of time before the credit card company starts charging late fees.truefalse

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

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.