Marigold corp. borrows $87,600 on july 1 from the bank by signing a $87,600, 10%, 1-year note payable. (a) prepare the journal entry to record the proceeds of the note. (credit account titles are automatically indented when amount is entered. do not indent manually.) date account titles and explanation debit credit july 1 enter an account title to record the proceeds of the note on july 1 enter a debit amount enter a credit amount enter an account title to record the proceeds of the note on july 1 enter a debit amount enter a credit amount (b)

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p.m. to 10 p.m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue.a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f