Rec room equipment company received a $10,200, six-month, 7 percent note to settle an $10,200 unpaid balance owed by a customer. a. the note is accepted by rec room on november 1, causing the company to increase its notes receivable and decrease its accounts receivable. b. rec room adjusts its records for interest earned to its december 31 year-end. c. rec room receives the interest on the note's maturity date. d. recroom receives the principal on the note's maturity date.

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Taking commercial paper means the holder acts honestly