Explain show work 16. on november 1, alan company signed a 120-day, 8% note payable, with a face value of $9,000. alan made the appropriate year-end accrual. what is the journal entry as of march 1 to record the payment of the note assuming no reversing entry was made? (use 360 days a year.)

a. debit notes payable $9,240; credit interest payable $120; credit interest expense $120; credit cash $9,000.
b. debit notes payable $9,000; debit interest payable $120; credit cash $9,120.
c. debit notes payable $9,000; debit interest expense $240; credit cash $9,240.
d. debit notes payable $9,000; debit interest payable $120; debit interest expense $120; credit cash $9,240.
e. debit cash $9,240; credit notes payable $9,240.

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions