Alpine energy corporation has 1,500,000 shares of $40 par common stock outstanding. on august 2, alpine energy declared a 4% stock dividend to be issued october 8 to stockholders of record on september 15. the market price of the stock was $70 per share on august 2.journalize the entries required on august 2, september 15, and october 8.if no entry is required, select "no entry required" and leave the amount boxes blank. for a compound transaction, if an amount box does not require an entry, leave it blank.

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan