The following table contains financial information for Trumpeter Inc. before closing entries: Cash $ 12,300
Supplies 6,300
Prepaid Rent 2,800
Salaries Expense 6,200
Equipment 66,700
Service Revenue 28,800
Miscellaneous Expenses 21,600
Dividends 3,600
Accounts Payable 3,500
Common Stock 66,600
Retained Earnings 20,600

What is Trumpeter's net income?

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.