In October 2006, America's Wholesale Lender (AWL) agreed to loan John Horvath $650,000. The
loan was stated in an interest-only, fixed-rate note
and was secured by a deed of trust on Horvath's
home. In exchange for the $650,000, Horvath
agreed to repay AWL in monthly installments rang-
ing from about $3,000 to $5,000. The note allowed
AWL (and any subsequent holder) to freely transfer
the note. In fact, the note provided for "anyone who
takes this Note by transfer” to inherit the powers
of the “Note Holder," including the right to accel-
erate payment in the event that Horvath defaulted.
Any party who took the note would have the right
to enforce it. In 2009, the note was transferred to
Bank of New York, and a little over a half year later,
Horvath defaulted. His property was foreclosed on,
and then he proceeded to sue. Was Horvath right
in suing? Why or why not, based on the wording of
the note? [Horvath v. Bank of NY, 641 F.3d 617, 2011
U. S. App. LEXIS 10152.]

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

You should do all of the following before a job interview except

Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was: