Question 50 of 50 Among the items in the financial statements for 20X1, Kadan Company reported the information below. (This is not a complete list of all of the financial statement items.) • Accounts receivable $200 • Inventory $400 • Property, plant, and equipment $1,000 • Accounts payable $100 • Long-term loans payable $800 • Sales $10,000 • • • • Cost of goods sold $7,500 Depreciation expense $250 Interest expense $60 In 20X2, sales are expected to increase from $10,000 to $13,000. On January 1, 20X2, Kadan plans to purchase new property, plant, and equipment, increasing the balance from $1,000 to $1,500. Also on January 1, 20X2, Kadan plans to obtain new long-term loans, increasing the loan balance from $800 to $1,600. What is a reasonable forecast of the amount of interest expense in 20X2?

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5 X100 ry https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-5829202317504197666520360810&eISBN=97... A S CENGAGE | MINDTAP I Chapter 4 Assignment Maria is a divorce attorney who practices law in San Francisco. She wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $500 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $4,500 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it it's a great deal. Suppose that the appropriate annual interest rate is 8.5%. O 13 years O 15 years What is the minimum number of years that…

J 7 Choose from list of answer choices and show/explain work.