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.

marketing strategies should be established before marketing objectives are decided. t/f

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?