Entries for installment note transactions on the first day of the fiscal year, shiller company borrowed $71,000 by giving a six-year, 11% installment note to soros bank. the note requires annual payments of $17,060, with the first payment occurring on the last day of the fiscal year. the first payment consists of interest of $7,810 and principal repayment of $9,250. journalize the entries to record the following: a1. issued the installment note for cash on the first day of the fiscal year. if an amount box does not require an entry, leave it blank. a2. paid the first annual payment on the note. if an amount box does not require an entry, leave it blank. b. how would the notes payable be reported on the balance sheet at the end of the fiscal year?

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e.g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach