8. Wolfe Company issued a 60-day, 8% note for $15,000, dated April 5, to Lamb Company on account. (a) Determine the due date of the note. (b) Determine the maturity value of the note. (c) Journalize the entries to record the following: 1. receipt of the note by the payee, and 2. receipt by the payee of the amount due on the note at maturity. Round answers to the nearest $1.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year