Kingston Sports Authority purchased inventory costing $26,000 by signing a 66%, six-month, short-term note payable. The purchase occurred on March 1, 2018. Kingston will pay the entire note (principal and interest) on the note's maturity date of September 1, 2018. Journalize the company's

(a) purchase of inventory; and

(b) payment of the note plus interest on March 31, 2015?, which is the? year-end; and?

(c) payment of the note plus interest on June 30, 2015. ?(Round your answers to the nearest whole? number.)

(d) Show what the company would report on its balance sheet at March 31,2015?, and on its income statement for the year ended on that date. ?

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.

Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price