On january 1, 2015, tropical paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. the funds will be used to purchase a new bmw convertible for use in promoting resort properties to potential customers. loan payments of $828.64 are due at the end of each month with the first installment due on january 31, 2015.

required:
record the issuance of the installment note payable and the first two monthly payments. (do not round intermediate calculations. round your final answers to 2 decimal places.)

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is