The sales budget for Modesto Corp. shows that 21,100 units of Product A and 23,100 units of Product B are going to be sold for prices of $11.10 and $13.10, respectively. The desired ending inventory of Product A is 10% higher than its beginning inventory of 3,100 units. The beginning inventory of Product B is 3,600 units. The desired ending inventory of B is 4,100 units. Budgeted purchases of Product B for the year would be:

There is a cost associated with each source of financing. discuss the cost of debt, preferred stock, common stock, and retained earnings in detail. which source of financing is typically less expensive? why? why do financial managers try to determine the optimal capital mix? be specific.

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)