Marco enterprises issued $10,000 of common stock when the company was started. in addition, malco borrowed $36,000 from a local bank on july 1, year 1. the note had a 6 percent annual interest rate and a one-year term to maturity. malco enterprises recognized $72,500 of revenue on account in year 1 and $85,200 in year 2. malco collected $61,300 on account in year 1 and $71,500 in year 2. malco paid $39,000 of other operating expenses in year 1 and $45,000 of other operating expenses in year 2. malco repaid the loan and all interest at the maturity date. what amount of interest expense would malco report on year 1 income statement?

the interest will be $59.71

hope this

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.