Cash $108,000 Accounts payable $51,500 Land 70,300 Notes payable (long-term) 300,900 Buildings (net) 200,300 Total liabilities 352,400 Equipment (net) 175,300 Common stock $210,000 Copyrights (net) 30,300 Retained earnings 21,800 231,800 Total assets $584,200 Total liabilities and stockholders’ equity $584,200 Moss and Carla Vista agree that: 1. Land is undervalued by $30,000. 2. Equipment is overvalued by $5,000. Carla Vista agrees to sell the gallery to Moss for $350,000. Prepare the entry to record the purchase of Carla Vista Galleries on Moss’s books.

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)