On December 31, 2020, Waterway Company had $1,319,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 27,300 shares of its common stock for $48 per share, receiving $1,310,400 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $8,600 cash, are used to liquidate the $1,319,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021.On December 31, 2020, Waterway Company had $1,319,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 27,300 shares of its common stock for $48 per share, receiving $1,310,400 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $8,600 cash, are used to liquidate the $1,319,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021. Required:
Show how the $1,313,000 of short-term debt should be presented on the December 31, 2020, balance sheet.

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

Why is investing in a mutual fund less risky than investing in a particular company’s stock?