2.on january 1, 2011, citrus retail co. issued a $500,000, 5 year, 8% installment note payable with payments of $100,000 principal plus interest due on january 1 of each year for the next 5 years. 1. prepare the adjusting journal entry at december 31, 2011 to accrue interest for the year.2. show the account(s) and amount(s) and where it will appear on a multi-step income statement prepared on december 31, 2011.3. show the account(s) and amount(s) and where they will appear on a classified balance sheet prepared on december 31, 2011

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Until recently, hamburgers at the city sports arena cost $4.70 each. the food concessionaire sold an average of 13 comma 000 hamburgers on game night. when the price was raised to $5.40, hamburger sales dropped off to an average of 6 comma 000 per night. (a) assuming a linear demand curve, find the price of a hamburger that will maximize the nightly hamburger revenue. (b) if the concessionaire had fixed costs of $1 comma 500 per night and the variable cost is $0.60 per hamburger, find the price of a hamburger that will maximize the nightly hamburger profit.

Depasquale corporation is working on its direct labor budget for the next two months. each unit of output requires 0.61 direct labor-hours. the direct labor rate is $8.70 per direct labor-hour. the production budget calls for producing 6,700 units in may and 7,100 units in june. if the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months?