On november 1, 2016, brownsville co. borrowed $80,000 from state bank and signed a 12%, six-month note payable, all due at maturity. the interest on this loan is stated separately. at december 31, 2016, the adjusting entry for this note includes a:

a. debit to interest expense for $3,200.
b. credit to notes payable for $1,600.
c. credit to cash for $4,800.
d. credit to interest payable for $1,600.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society