The following are selected 2017 transactions of Sean Astin Corporation. Sept. 1Purchased inventory from Encino Company on account for $50,000. Astin records purchase gross and uses a periodic inventory system. Oct. 1Issued a $50,000, 12-month, 8% note to Encino in payment of the account. Oct. 1Borrowed $50,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $54,000 note. a. Prepare journal entries for the selected transactions above. b. Prepare adjusting entries at December 31.c. Compute the total net liability to be reported on the December 31 balance sheet for:(1) The interest-bearing note.(2) The zero-interest-bearing note.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is