Assume that Cram Sales Company completed the following note payable transactions:.2016July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable. Dec 31 Accrued interest on the note payable. 2017 Jul 1 Paid the note payable at maturity. Read the requirements. Requirement 1. How much interest expense must be accrued at December 31, 2016? Round your answer to the nearest whole dollar. The interest expense accrued at December 31, 2016 is $ Requirement 2. Determine the amount of Cram Sales' final payment on October 1, 2017. The amount of Cram Sales final payment on October 1, 2017 is $ Requirement 3. How much interest expense will Cram Sales report for 2016 and for 2017? (Round your answers to the nearest whole dollar) The company will report interest expense of $ in 2016 and $ in 2017.

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.

What are two benefits of consumer programs

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?