Jane and bart organized food truck business- just best food inc (jbf jbf inc. decided to follow accrual method of accounting. jbf inc. borrowed $8,000 from the bank on november 1, 2015. the note had a 5 percent annual rate of interest and matured on april 30, 2016. yes, it was a short-term debt. interest and principal were paid in cash on the maturity date. what amount of interest expense was reported on the 2016 income statement?

On january 1, 2018, wetick optometrists leased diagnostic equipment from southern corp. which had purchased the equipment at a cost of $2,256,342. the lease agreement specifies six annual payments of $490,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2022. the six-year lease term ending december 31, 2023 (a year after the final payment), is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase on the basis of the increase in the consumer price index for the year just ended. thus, the first payment will be $490,000, and the second and subsequent payments might be different. the cpi at the beginning of the lease is 120. southern routinely acquires diagnostic equipment for lease to other firms. the interest rate in these financing arrangements is 12%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) prepare the appropriate journal entries for wetick and southern to record the lease at its beginning.

If someone is considered to be bearish where do they think the stock market is heading

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phone. now, more cell phones are demanded at each price level. the new equilibrium price is where both supply and demand quantities equal $120, 200 or $160, 300