After issuing its 2020 financial statements, JT Engineering enters into a financing agreement with Elwood Bank. This agreement, made on February 10, 2021, allows JT to borrow up to $6,000,000 at any time through 2022. Under the agreement, funds are borrowed at prime +2 and mature two years from the loan date. The agreement also requires JT to maintain a working capital level of $9,000,000 and prohibits payment of dividends on common stock without prior approval by Elwood. JT currently has $2,250,000 of notes payable with Scecina Bank, maturing March 15, 2021. JT intends to borrow $3,750,000 under the agreement with Elwood to liquidate these notes payable. Based on this information, how much short-term debt does JT have as of its December 31, 2020 balance sheet?

What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)