10. A business accepts a 12 percent, $47,000 note due in 60 days. Assuming simple interest, how much will be the interest? a. $940.00 b. 5927.12 c. $92,712 d. $1,391 11. Using the same information in question #10, how much will the business receive ( maturity value when the note falls due? a. $52,640 b. 547,940 c. $48,391 d. $47.927 During August, Radio City sold 200 ipods for $50 each. Each ipod had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during August. the entry to record the Product Warranty Expense is (5 Pts) a. Product Warranty Expense 31 Estimated Product Warranty Liability b. Product Warranty Expense 155 Cash 155 c. Product Warranty Expense 310 Estimated Product Warranty Liability d. Estimated Product Warranty Liability 620 Product Warranty Expense 310 13. Auto company receive a one-year note that carries 6% annual interest on $5,000 for the sale of used car. Compute the maturity value if interest is compounded semiannually. Please show your computation to get the full points. (5 Pts)