Gracie Company borrows $88,800 on July 1 from the bank by signing a $88,800, 9%, 1-year note payable. Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year.

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.