Greenwood Music Company began 2024 with a balance in its Accounts Receivable account of \( \$ 11,000 \). During 2024, the company recorded the following: Service revenue of \( \$ 298,000 \), all on account Collections on account, \( \$ 295,000 \) At the end of 2024 , what is the amount of Accounts Receivable the company should report? A. \( \$ 298,000 \) B. \( \$ 14,000 \) C. \( \$ 295,000 \) D. \( \$ 8,000 \)

25. You own a custom computer software business. You must invest \( \$ 3,255 \) for computer hardware, and spend \( \$ 2.90 \) to buy and package each disk. If each disk sells for \( \$ 13.75 \), write a system of equations and determine how many disks you must sell to break even. 26. The ballpark needs to make at least \( \$ 15,000 \) from ticket sales. The ticket prices are \( \$ 20 \) for

The principal \( P \) is borrowed at a simple interest rate \( r \) for a period of time \( t \). Find the simple interest owed for the use of the money. Assume 365 days in a year. \( P=\$ 7000, r=4.5 \%, t=18 \) months The simple interest owed for the use of the money is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.)

To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you \( \$ 1080 \). One month later, you get the guitar back by paying the pawnbroker \( \$ 1272 \). What annual interest rate did you pay? You will pay a simple interest rate of \( \square \% \) (Round to the nearest whole number as needed.)

For the investment situation below, identify the annual interest rate, the length of the investment in years, the periodic interest rate, and the number of periods of the investment. \( 9 \% \) compounded monthly for 3 years (a) the annual interest rate (b) the length of the investment in years (c) the periodic interest rate (d) the number of periods of the investment

Determine the present value \( P \) that must be invested to have the future value \( A \) at simple interest rate \( r \) after time \( t \). \[ A=\$ 5000, r=2.5 \%, t=6 \text { years } \] The present value \( P \) that must be invested is \( \$ \) (Round up to the nearest cent.)