The following costs were incurred in May: Direct materials $43,500
Direct labor $29,100
Manufacturing overhead $26,100
Selling expenses $18,800
Administrative expenses $37,700

Conversion costs during the month totaled:

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage