On January 1, 2020, a company purchased equipment and signed a 6 year mortgage note for $160,000 at 15%. The note will be paid in equal installments of $42,278 beginning January 1, 2021. On January 1, 2021, the journal entry to record the first installment payment will include a Group of answer choices debit to Interest Expense for $24,000 credit to Cash for $18,278 debit to Mortgage Payable for $42,278 credit to Mortgage Payable for $42,278

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

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Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery