At december 31 year-end, crabcrab corporation has anan $ 8 comma 000$8,000 note receivable from a customer. interest of 66% has accrued for 1010 months on the note. what will crab'scrab's financial statements report for this situation at december 31? a. the balance sheet will report the note receivable of $ 8 comma 000$8,000 and interest receivable of $ 400$400. b. nothing because the business has not received the cash yet. c. the income statement will report a note receivable of $ 8 comma 000$8,000. d. the balance sheet will report the note receivable of $ 8 comma 000$8,000.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.