On november 7, 2017, mura company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (use 360 days a year. do not round your intermediate calculations.)

1. compute the accrued interest payable on december 31, 2017

principal xrate (%) xtime =interest
total through maturity 160,000 8 90/360 3,200
year end interest accrual 160,000 8 54/360 1,920
interest recognized feb. 5 160,000 8 4/360 1,280
2. & 3. prepare the journal entry to record the accrued interest expense at december 31, 2017 and payment of the note at maturity
record the accrued interest expense.

2) dec. 31, 2017

3) feb 05, 2018

(all im missing for this one is the amount of $ credited in accounts payable, its not $1,920 or $3,200 or 1,280)

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone

You receive a memo from the vice president of procurement responding to your query. he writes: “it will be very important to maintain product continuity. we have a large base of devoted customers. we want to make sure that the quality and key characteristics of island knight stay the same through this transition. talk to frank, our consulting professional perfumer, for more information about the cologne. seasonal variations in costs are the single most significant factor in our deciding to go with another supplier, so finding a way to limit that should be the top priority. the overall marginal costs and shipping costs are probably somewhat less significant. you may want to talk to cindy, the product manager for island knight, regarding pricing information about the product.” what is the best action to take next?