Allen corp.'s liability account balances at june 30, 2011 included a 10% note payable in the amount of $2,400,000. the note is dated october 1, 2009 and is payable in three equal annual payments of $800,000 plus interest. the first interest and principal payment was made on october 1, 2010. in allen's june 30, 2011 balance sheet, what amount should be reported as accrued interest payable for this note? a. $180,000.b. $120,000.c. $60,000.d. $40,000.

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

Because the demand for wheat tends to be inelastic. true or false

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility