2. On Exercise 3-2 what is the rate of return? (enter your answer with decimal points to 2 places. For example: 10.12) (Points: 35)3. On Exercise 3-2 what alternative would you recommend (select the best answer)? (Points: 30)
the savings account because it has higher risk
the savings account because of the higher rate
the loan because of the higher return
the loan because of the lower return
1. On exercise 4-10 cash received from customers may be different from revenue because (Points: 50)
cash is always received on the first of the month so it depends when you are calculating revenue
there will not be a difference cash received is equal to revenue
there was a bookkeeping error
cash maybe received before or after revenue is earned2. in exercise 4-10 calculate the revenue for Simpson Co for April (enter your answer with commas and dollars signs. For example: $10000000) (Points: 50)