On january 1, 2021, the montgomery company agreed to purchase a building by making six payments. the first three are to be $27,000 each, and will be paid on december 31, 2021, 2022, and 2023. the last three are to be $42,000 each and will be paid on december 31, 2024, 2025, and 2026. montgomery borrowed other money at a 10% annual rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. at what amount should montgomery record the note payable and corresponding cost of the building on january 1, 2021? 2. how much interest expense on this note will montgomery recognize in 2021? (for all requirements, round your final answers to nearest whole dollar amount.)

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.