Njanuary 1, 2018, corvallis carnivals borrows $26,000 to purchase a delivery truck by agreeing to a 6%, four-year loan with the bank. payments of $610.61 are due at the end of each month, with the first installment due on january 31, 2018. record the issuance of the note payable and the first monthly payment. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round your intermediate calculations. round your final answers to 2 decimal p

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.