On august 1, 2021, trico technologies, an aeronautic electronics company, borrows $20.1 million cash to expand operations. the loan is made by firstbanc corp. under a short-term line of credit arrangement. trico signs a six-month, 9% promissory note. interest is payable at maturity. trico’s year-end is december 31.
required:
1. record the issuance of note.
2. record the adjustment for interest.
3. record the repayment of the note at maturity.

The new york stock exchange is an example of what type of stock market?

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?