On august 1, 2018, trico technologies, an aeronautic electronics company, borrows $21 million

cash to expand operations. the loan is made by firstbanc corp. under a short-term line of credit

arrangement. trico signs a six-month, 9% promissory note. interest is payable at maturity. firstbanc

corp.'s year-end is december 31.

a. record the acceptance of the note by firstbanc corp.

b. record the appropriate adjustment for the note by firstbanc corp. on december 31, 2018.

c. record the receipt of cash by firstbanc corp. at maturity.

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be