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April 20, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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accounting
Describe the relationship of the financial statements used in the financial plan for 2010 for Patton-Fuller Community Hospital.
Friday, September 30, 2011 at 10:13pm

Psychology
Nature of Traits: Interactionism: Observe a social gathering. Write a 200 to 300 word response to the following: What influence does culture have on personality? Do you see a person's reaction to something as separate from social experience or as a result social experience...
Friday, September 30, 2011 at 12:38pm

Psychology
Sorry I left out the four positions. The Four Positions Are: The first position is that traits literally exist in the central nervous system as what Gordon Allport (1961) called “neuropsychic structures.” These hypothesized patternings of psychophysiology—say, ...
Friday, September 30, 2011 at 12:35pm

accounting
Cycle Wholesaling sells merchandise on credit terms of 2/10, n/30. A sale for $3,000 (cost of goods sold of $1,800) was made to Sarah's Cycles on February 1, 2010. Assume Cycle Wholesaling uses a perpetual inventory system. Requirement 1: Prepare the journal entry Cycle ...
Thursday, September 29, 2011 at 9:59pm

accounting
Marks: 20 At the beginning of the fiscal year, ABC Clinic expected to treat 10,000 patients and estimated that it would incur $1,000,000 in overhead. At fiscal year end data indicated that the clinic only saw 9,000 patients and incurred overhead of $925,000.If the clinic used ...
Wednesday, September 28, 2011 at 10:44am

accounting
Billed patients for services rendered of $3,500. journal entry help.... is this account payable, debit, credit.etc.....(on journal entry )
Wednesday, September 28, 2011 at 10:26am

accounting
Ayres Services acquired an asset for $80 million in 2011. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts...
Wednesday, September 28, 2011 at 7:12am

accounting
Visit some of the following journal entry tutorials for help: http://www.google.com/search?q=journal+e​ntry+tutorial&ie=utf-8&oe=utf-8&aq=t&rls​=org.mozilla:en-US:official&client=firef​ox-a Sra
Wednesday, September 28, 2011 at 3:19am

accounting
How do write this as a journal entry transaction? Alex transferred $17,000 from his personal bank account to the corporation in exchange for capital stock.
Wednesday, September 28, 2011 at 3:07am

Accounting-HELP ME!
Try some of the following links for information: http://www.google.com/search?q=how+to+se​t+up+units+of+output+in+accounting&ie=ut​f-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:​official&client=firefox-a Sra
Tuesday, September 27, 2011 at 8:47pm

Accounting-HELP ME!
A company purchased machinery for $660,000 on May 1,2008. It is estimated that it will have a useful life of ten years,salvage value of $45,000, production of 350,000 units, and working hours of 60,000. During 2009 the company uses the machinery 3,050 hours, and the machinery ...
Tuesday, September 27, 2011 at 8:35pm

Accounting
Try some of the following links for information: 1. capital = http://www.google.com/search?q=capital+l​ease&ie=utf-8&oe=utf-8&aq=t&rls=org.mozi​lla:en-US:official&client=firefox-a 2. sales-type = http://www.google.com/search?q=sales-typ​e+lease&ie=utf-8&oe=...
Saturday, September 24, 2011 at 9:10pm

Accounting
Case 13-5 Lease Classifications Doherty Company leased equipment from Lambert Company. The classification of the lease makes a difference in the amounts reflected on the balance sheet and income statement of both Doherty and Lambert. Required: What criteria must be met by the ...
Saturday, September 24, 2011 at 9:05pm

College Accounting
many many thank you.for your solution.
Saturday, September 24, 2011 at 12:13pm

accounting
When recording the following transactions in general journal entry form. 1. Issused common stock for $5,000 cash. 2. Borrowed $4,000 cash from a Local Bank. 3. Ourchased $500 of supplies on account. 4. Recognized revenue of $18,000 for services provided on account. 5. Paid $3,...
Friday, September 23, 2011 at 5:28pm

accounting 1
Try some of the following links on How to Prepare a Balance Sheet: http://www.google.com/search?q=how+to+pr​epare+a+balance+sheet&ie=utf-8&oe=utf-8&​aq=t&rls=org.mozilla:en-US:official&clie​nt=firefox-a Sra
Thursday, September 22, 2011 at 8:27pm

Financial management
On December 31 of last year, Wolfson Corporation had in inventory 400 units of its product, which cost $21 per unit to produce. During January, the company produced 800 units at a cost of $24 per unit. Assuming that Wolfson Corporation sold 700 units in January, what was the ...
Thursday, September 22, 2011 at 4:01pm

accounting 1
jim smith had trouble finding a job, so he decided to start his own sole proprietorship by the name of designers, inc. jim is a web site designer and here are the results as of the end of the first year of his business.br accounts payable =$12,100br cash=$19,150br service ...
Thursday, September 22, 2011 at 12:04pm

Managerial finance
Larissa has also provided the following information. During the year, the company raised $40 million in new long-term debt and retired $22.8 million in long-term debt. The company also sold $30 million in new stock and repurchased $36 million. The company purchased $60 million...
Thursday, September 22, 2011 at 12:42am

intermediate 111
Wilson Corporation began operations in January 2008, and purchased a machine for $20,000. Wilson uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2008, 30% in 2009, and 20% in 2010. ...
Wednesday, September 21, 2011 at 7:47pm

accounting
Hanson Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The ...
Wednesday, September 21, 2011 at 3:05pm

finance
PepsiCo consolidated balance sheet financial accounting, current assets, liabilities and total assets for 2004-2005 still cant figure how to do this vertical analysis and horizontal analysis
Wednesday, September 21, 2011 at 1:07am

Acct
Journalize the following transactions -Recieved cash from investment made by owner,$15000. Recieved cach providing accounting services, $8000. Billed customers on account for providing services, $4000. Paid Advertising expense 400. Recieved cash from customers on account 3500.
Tuesday, September 20, 2011 at 1:03pm

accounting
6. Acme Manufacturing Company estimates factory overhead as a percentage of machine hours. On 1.1.11, Acme estimates total factory overhead of $400,000 for the year, and estimates 20,000 machine hours will be required during the year. During the year, 10,000 units of product ...
Tuesday, September 20, 2011 at 11:44am

accounting
Bubba Production Company produces a homogenous product. All materials are added at the beginning of production and other product costs are added evenly over time until the product is complete. Conversion costs were 70% complete with respect to the 2,000 units in process July 1...
Tuesday, September 20, 2011 at 11:44am

accounting
You might begin with some of the following links: http://www.google.com/search?q=professio​nal+development+needs+and+goals+are+requ​ired+for+superannuation+&ie=utf-8&oe=utf​-8&aq=t&rls=org.mozilla:en-US:official&c​lient=firefox-a Sra
Monday, September 19, 2011 at 11:40am

accounting
Identify what professional development needs and goals are required for superannuation with a brief explanation of what each one is about.
Monday, September 19, 2011 at 8:04am

accounting
190,000
Sunday, September 18, 2011 at 2:03am

accounting
SraJMcGin, Thank you for the information, but I still do not know how to set this problem up. The site was no help.
Friday, September 16, 2011 at 6:50pm

accounting
Here are some Accounting Tutorials for you to look through: http://www.google.com/search?q=accountin​g+tutorials&ie=utf-8&oe=utf-8&aq=t&rls=o​rg.mozilla:en-US:official&client=firefox​-a Sra
Friday, September 16, 2011 at 4:25pm

accounting
I have tried to figure out how to do this for four days and my textbook does not give an example on how to do this problem. Lower-of-Cost-or-Market Corrs Company began operations in 2007 and determined its ending inventory at cost and at lower of cost or market at December 31...
Friday, September 16, 2011 at 12:59pm

Managerial accounting
Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is as follows: Direct materials $ 3.60 Direct labor 10.00 Variable manufacturing overhead 2.40 Fixed manufacturing overhead 9....
Thursday, September 15, 2011 at 8:34pm

accounting
a company issues 7% 10 year bonds with a par value of $150,000 and semi annual payments. On the side date the annual market rate for these bonds are 8%, which implies a selling price of 93 1/4 the straight line is used to allocate interest expense what is the total amount of ...
Tuesday, September 13, 2011 at 11:22am

accounting
The fixed cost is 100,000 the price is $80. a pair the product is 10,000 paris direct labor $35 a pair, direct material $30 a pair, total overhead $15 which adds up to $80. I dont't know how to start with this, than its asking if outsoucing the price would be 10.50 a pair ...
Monday, September 12, 2011 at 12:42pm

Accounting
Cruise industries purchased $10,800 of merchandise on February 1, 2007, subject to a discount trade of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. At what amount ...
Friday, September 9, 2011 at 10:05pm

Accounting
can somebody please explain to me how to do this problem: Cruise Industries purchased $10,800 of merchandise on February 1, 2007, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount) on February ...
Thursday, September 8, 2011 at 7:52pm

Accounting
Yes.
Thursday, September 8, 2011 at 1:09pm

Accounting
Is there a relationship between ethical behavior in academia and ethical behavior in the business world? If I am correct I would have to say that there is a relationship between ethical behavior in academia and ethical behavior in the business world. I am I correct?
Thursday, September 8, 2011 at 1:05pm

Accounting
Yes, cash, because it is the most liquid asset. Sra
Wednesday, September 7, 2011 at 6:45pm

Accounting
Considering how organization must manage cash, receivables, and inventories. Which of the three variables is the most important to manage? In my opinion I would have to say that the cash would be the most important to manage. Am I right?
Wednesday, September 7, 2011 at 6:38pm

accounting
Try some of the following links for information: http://www.google.com/search?q=what+does​+it+mean+if+accounts+receivable+days+out​standing+has+doubled+in+the+first+6+mont​hs&ie=utf-8&oe=utf-8&aq=t&rls=org.mozill​a:en-US:official&client=firefox-a Sra
Tuesday, September 6, 2011 at 1:27am

accounting
If you notice that your accounts receivable days outstanding has doubled in the first 6 months. Do you give someone a bonus or put hin or her on probation? Why?
Monday, September 5, 2011 at 8:22pm

Managerial accounting
The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling price of the company&#...
Monday, September 5, 2011 at 12:18am

Math
VF is a small accounting firm supporting wealthy individuals in their preparation of annual income tax statement. Every December, VF sends out a short survey to their customers, asking for the information required for preparing the tax statements. Based on 24 years of ...
Wednesday, August 31, 2011 at 7:27pm

Accounting
11 years 4 mnths and 5 days
Sunday, August 28, 2011 at 9:49pm

Accounting
You didn't actually ask a question. Just saying.
Sunday, August 28, 2011 at 3:09am

Accounting
March 3 Inventory units 60 per unit $1,500 total $90,000 March 8 Purchase 120 units $1,800 per unit total $216,000 March 11 Sal units 80 per units $5,000 total $400,000
Sunday, August 28, 2011 at 2:51am

ACCOUNTING
In your business’s first year in operation you had sales totaling $40,000 and collected $30,000 from your customers. You also incurred $20,000 in expenses but $5,000 of them will not be paid until the following year. Calculate your profit or loss under the cash and ...
Friday, August 26, 2011 at 10:27pm

ACCOUNTING
On July 1, 2011 you purchase and pay $36,000 for a three year insurance policy. How much will your insurance expense be this year and during the following three years under the cash and accrual basis methods? At December 31 of each year, how much will Pre-Paid Insurance be on ...
Friday, August 26, 2011 at 10:13pm

accounting
Here are some tutotials to help y ou: http://www.google.com/search?q=journal+e​ntry+tutorials&ie=utf-8&oe=utf-8&aq=t&rl​s=org.mozilla:en-US:official&client=fire​fox-a Sra
Friday, August 26, 2011 at 4:59pm

accounting
what is the journal entry if a owner of a company deposited $15,000 in their checking account. In return they received 1000 shares of common stock in their corporation. The par value of the common stock is $1 per share?
Friday, August 26, 2011 at 4:29pm

218
I have a question for Mrs. Sue. When you used quotations around University when describing Ashford were you trying to suggest something? I am about to finish my accounting degree there and have often wondered if I will fin discrimination because of the stigma that is ...
Friday, August 26, 2011 at 1:34am

Accounting
Try some of the following links: http://www.google.com/search?q=effect+of​+removing+either+the+Matching+Principle+​or+the+Revenue+Recognition+Principle+fro​m+the+process&ie=utf-8&oe=utf-8&aq=t&rls​=org.mozilla:en-US:official&client=firef​ox-a Sra
Thursday, August 25, 2011 at 1:08am

Accounting
What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period.
Wednesday, August 24, 2011 at 10:26pm

accounting
Try some of the following links for information: http://www.google.com/search?q=What+is+t​he+journal+entry+to+record+a+sale+but+no​+cash+comes+in%3F+&ie=utf-8&oe=utf-8&aq=​t&rls=org.mozilla:en-US:official&client=​firefox-a Should you want any Accounting...
Wednesday, August 24, 2011 at 6:46pm

accounting
What is the journal entry to record a sale but no cash comes in?
Wednesday, August 24, 2011 at 2:11pm

Accounting
At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increased by $80,000, and at year-end assets equal $180,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amount of equity?
Tuesday, August 16, 2011 at 5:47pm

accounting
At the beginning of the year, Logan company's assets are $200,000 and its equity is $150,000. during the year, assets increase $70,000 and liabilities increase $30,000. What is the equity at the end of the year?
Tuesday, August 16, 2011 at 5:44pm

accounting
Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions for 20XX in the Excel Template below, then: ...
Monday, August 15, 2011 at 5:06pm

Accounting
You might try some of the follwing links for information: http://www.google.com/search?q=Why+do+yo​u+think+the+Accumulated+Depreciation-Equ​ipment+has+a+zero+on+the+trail+balance+s​ection%3F+&ie=utf-8&oe=utf-8&aq=t&rls=or​g.mozilla:en-US:official&client...
Monday, August 15, 2011 at 12:18pm

Accounting
Why do you think the Accumulated Depreciation-Equipment has a zero on the trail balance section?
Monday, August 15, 2011 at 12:12pm

accounting
Sorry, but I have no idea what the above is all about. Here are some accounting tutorials that may help you: http://www.google.com/search?q=accountin​g+tutorials&ie=utf-8&oe=utf-8&aq=t&rls=o​rg.mozilla:en-US:official&client=firefox​-a Sra
Monday, August 15, 2011 at 1:13am

accounting
1. Please refer to the worksheet below. Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash $1,700 $1,700 $1,700 Accounts receivable 8,500 $2,000 10,500 10,500 Supplies 100 $80 20 20 ...
Monday, August 15, 2011 at 12:45am

health care
You are the CIO of the healthcare organization. Your project team has advised you that the supervisor of the accounting department is less than enthusiastic about the idea of interviewing his staff for information needs assessment. After questioning your team further, it ...
Sunday, August 14, 2011 at 8:41pm

accounting
Quadrant, Inc. is a former C Corporation whose first S corporation year began on January 1, 2009. At that time, Quadrant had two assets: x, with a value of $1,000 and a basis of $400; and Y, with a value of $400 and a basis of $600. The net unrealized built in gain as of ...
Monday, August 8, 2011 at 1:52pm

Accounting
24
Sunday, August 7, 2011 at 10:33pm

accounting
Here are some accounting tutorials that may answer any questions you have: http://www.google.com/search?q=accountin​g+tutorials&ie=utf-8&oe=utf-8&aq=t&rls=o​rg.mozilla:en-US:official&client=firefox​-a Sra
Sunday, August 7, 2011 at 3:21pm

accounting
Valmont, Inc. experienced the following events in 2012, in its first year of operation. 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $50,000. 3. Paid utility expense of $12,500. 4. Collected $39,000 of the accounts receivable. 5...
Sunday, August 7, 2011 at 3:08pm

Manageral accounting
No activity cost pools and their activity measures.
Saturday, August 6, 2011 at 3:43pm

Manageral accounting
Gallatin Carpet Cleaning is a small, family-owned business ooperating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $28 per hundred square feet. However, there is some question...
Saturday, August 6, 2011 at 3:32pm

managerial accounting
Walt ’ s Whistles manufactures referee whistles. At the end of February, Walt ’ s has 2,000 pounds of steel for whistles in inventory. Walt ’ s expects to produce and sell 50,000 whistles in March. Each whistle requires a standard quantity of 0.2 pounds of steel...
Thursday, August 4, 2011 at 2:31am

accounting
On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...
Tuesday, August 2, 2011 at 4:01pm

Accounting
For additional help with Accounting, please visit my site at taxlatutor (dot) webs (dot) com I'm assuming you need to journalize these transactions. Dr. Equipment $15,000 Cr. Cash (or Accounts Payable if you're buying on credit) $15,000 Dr. Cash $500.000 Cr. Owner'...
Tuesday, August 2, 2011 at 11:17am

Accounting
Please visit my site for tutoring information: taxlawtutor (dot) webs (dot) com Rya’s Planning Services Income Statement For the Month Ending... Service Income: Planning Fees Income $26,250 Total Income $26,250 Less: Office Supplies Expenses $200 Rent Expense 800 Salaries...
Tuesday, August 2, 2011 at 11:09am

Accounting
Please visit my site for tutoring information: taxlawtutor (dot) webs (dot) com Rya’s Planning Services Income Statement For the Month Ending... Service Income: Planning Fees Income $26,250 Total Income $26,250 Less: Office Supplies Expenses $200 Rent Expense 800 Salaries...
Tuesday, August 2, 2011 at 11:08am

accounting
true
Tuesday, August 2, 2011 at 5:25am

accounting
If you tried to "cut and paste" it doesn't work here. YOu will need to type the rest of it out. Sra
Tuesday, August 2, 2011 at 1:47am

accouting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement: 1. The term of the non-cancelable lease is 4 years, with no renewal option. Payments of 422,689 are due on June 30, of each year. 2...
Monday, August 1, 2011 at 11:51pm

accounting
Horton Company, as lessee, enters into a lease agreement on July 1, 2008, for equipment. The following data are relevant to the lease agreement:
Monday, August 1, 2011 at 11:38pm

Accounting
Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………$21,500 Accounts Receivable……&#...
Sunday, July 31, 2011 at 12:42pm

accounting
Try some of the following links, especially the one about Reimbursement: http://www.google.com/search?q=if+an+emp​loyee+is+reimbursed+%246%2C000+for+her+e​ducational+expenses%2C+h+ow+much+is+incl​uded+in+her+income&ie=utf-8&oe=utf-8&aq=​t&rls=org....
Sunday, July 31, 2011 at 10:39am

accounting
angela bennett is an employee at coopers and smith cpa firm. Angela, a part-time student, is working on her graduate degree in history. Coopers & Smith which has an educational assistance program reimburses Angela $6,000 of her educational expenses she incurred in the year. ...
Sunday, July 31, 2011 at 2:54am

accounting
5,000(103)^10
Thursday, July 28, 2011 at 1:17pm

managerial accounting
9000u
Tuesday, July 26, 2011 at 10:20pm

accounting
On December 31, 2008, University Theatres issued $500,000 face value of bonds. The stated rate is 6 percent, and interest is paid semiannually on June 30 and December 31. The bonds mature in 10 years. Required: If required, round your answers to the nearest whole dollar. ...
Wednesday, July 20, 2011 at 2:16pm

Financial Accounting
ane Doe of Creative Marketing was recording transactions into the accounting records to prepare financial statements for the bank in a loan application. Her expenses were higher than anticipated and she was concerned about the effects on net income. As she was recording $3,000...
Monday, July 18, 2011 at 6:37pm

Accounting - no question here
There is no question here.
Monday, July 18, 2011 at 8:18am

Accounting
purchased dental equipment at 15,000 and invested cash of 500,000
Sunday, July 17, 2011 at 11:38pm

accounting
A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total direct labor cost of $20,000? $5,000. $16,000. $25,000. $125,000. $250,000. The R&R Company's production costs for August are: ...
Saturday, July 16, 2011 at 2:29pm

accounting HELP
it ask prepare the adjusting entries so what format is this in
Saturday, July 16, 2011 at 12:28am

accounting
Office Supplies 50,000 Cash 20,000 Accts. Payable 30,000
Thursday, July 14, 2011 at 8:18pm

accounting
Williams Company's direct labor cost is 25% of its conversion cost. If the manufacturing overhead for the last period was $45,000 and the direct materials cost was $25,000, the direct labor cost wa
Thursday, July 14, 2011 at 5:29pm

accounting
This site will help you. http://www.investopedia.com/articles/fun​damental/03/031203.asp#axzz1S2KhwYeM
Wednesday, July 13, 2011 at 8:54pm

accounting
Discuss EVA concept, how is EVA determined, Describe how the company can increase EVA, Dicuss why and how EVA relates to financial ratio analysis
Wednesday, July 13, 2011 at 8:49pm

Java Programming
Don't know how to start.. Can anyone help me? For this program you are to create a two class application - a driver and a principal class - that reads in text interactively from the keyboard, and then reports on two aspects of the entered text. First it should print a ...
Wednesday, July 13, 2011 at 3:51am

Accounting 100
Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010. Revenues during 2010—camping fees $140,000 Market value of equipment $140,000 ...
Tuesday, July 12, 2011 at 5:58pm

accounting
You might try some of the following links for in formation: http://www.google.com/search?q=how+to+do​+debit+%26+credit+entries+in+accounting&​ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:e​n-US:official&client=firefox-a Sra
Sunday, July 10, 2011 at 9:59am

accounting
purchase office supplies worth 50000.paying 20000 and 30000 on accounts.what is the debit and credit entry?
Sunday, July 10, 2011 at 8:44am

Finance
The essentiality of finance in the practical world and its applicable evolution is discussed in detail. Accompanying fields such as accounting, economics, audit etc; are discussed in brief. The article throws light on the allied practices of financial management and possible ...
Sunday, July 10, 2011 at 3:54am

Economics
2. Lucy quits a $50,000 job to open her waffle business. She makes $225,000 in revenue from her first year of waffle sales. She pulls $50,000 out of an account that returns 3% interest per year and invests the entire amount in her business. She also borrows $50,000 at 10% ...
Saturday, July 9, 2011 at 11:15pm

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