Straight industries purchased a large piece of equipment from curvy company on january 1, 2019. straight industries signed a note, agreeing to pay curvy company $310,000 for the equipment on december 31, 2021. the market rate of interest for similar notes was 10%. the present value of $310,000 discounted at 10% for four years was $211,734. on january 1, 2019, straight industries recorded the purchase with a debit to equipment for $211,734 and a credit to notes payable for $211,734. on december 31, 2019, straight recorded an adjusting entry to account for interest that had accrued on the note. assuming no adjusting entries have been made during the year, the interest expense accrued at december 31, 2019 is closest to:

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.