Item2 5 points return to questionitem 2item 2 5 points brief exercise 2-5 adjusting entries [lo2-5] a company has a fiscal year-end of december 31: (1) on october 1, $21,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $19,000; principal and interest at 5% are due in one year; and (3) equipment costing $69,000 was purchased at the beginning of the year for cash. depreciation on the equipment is $13,800 per year. prepare the necessary adjusting entries at december 31 for each of the above items. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?