A. Lindner Inc. is going to purchase new equipment with a price of $625,000, which the manufacturer is willing to finance, and Lindner Inc. is trying to work out a payment schedule. Due to cash flow needs elsewhere in the company, its payment budget per month is $15,000. After 36 months, it has the ability to add a balloon payment of up to $42,500; however, the manufacturer will only allow a balloon payment with its last monthly payment. Also, it will allow Lindner Inc. to make smaller additional principal payments, say $1,000 every month from the 1st month. The additional principal amount must be the same amount each month other than with the last payment, when the company can make the large balloon payment. Lindner Inc. has the choice to finance for 36, 48 or 60 months, at an annual interest rate of 5%. But Lindner Inc. wants to pay off the loan as quickly as possible. Required:

a. What length of financing does Lindner Inc. choose?
b. What is the normal monthly required payment?
c. What is the earliest month in which the company can pay off the loan (meaning, in which month does the final payment occur)?
d. What is the amount of the balloon payment?
e. What is the total interest paid?

Diversity is an obstacle all marketers face: true false

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

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