Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

On October 16, 2020, Pink Inc, issues a $12,000 9% 180 day note payable in exchange for cash. How much interest will Pink have to

On October 16, 2020, Pink Inc, issues a $12,000 9% 180 day note payable in exchange for cash.

How much interest will Pink have to pay when the notes matures?

Group of answer choices

530

540

532

480

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Libro De Contabilidad Ingresos Y Gastos Libro De Cuentas Contabilidad Para Aut Nomos Y Empresas Cuaderno Para Las Cuentas De Ingresos Y Gastos

Authors: Emma Mundo

979-8809324502

More Books

Students also viewed these Accounting questions

Question

★★★★★

Sentinel, a national automotive chain with auto centers throughout the United States, mailed coupons to consumers advertising discounts on brake jobs. Actually, this advertising was a bait-and-...

Answered: 1 week ago

Question

★★★★★

Please provide correct answer, Once on a table are wrong. Thank you. Problem 25-19 Mergers and Equity as an Option [LO5] Sunburn Sunscreen has a zero coupon bond issue outstanding with a $26,000 face...

Answered: 1 week ago

Question

★★★★★

Taste-testing scales. When comparing the palatability of food items, numerical taste test scales are employed. For example, the Hedonic 9-point scale uses the following ratings: 1 = dislike...

Answered: 1 week ago

Question

★★★★★

A manufacturer has acquired four small assembly plants, located in Charlotte, Tulsa, Memphis, and Buffalo. The plan is to remodel and keep two of the plants and close the other two. The table at the...

Answered: 1 week ago

Question

★★★★★

On October 16, 2020, Pink Inc, issues a $12,000 9% 180 day note payable in exchange for cash. How much interest will Pink have to pay when the notes matures? Group of answer choices 530 540 532 480

Answered: 1 week ago

Question

★★★★★

QUESTION 3 Kencana Enterprise produces a basket that is sold for RM20. The contribution margin ratio is 40%. Fixed expenses total RM9,200. Instructions (a) Compute the variable cost per unit. (b)...

Answered: 1 week ago

Question

★★★★★

Let's say that we have a 4-way set associative cache. The cache has 16 sets in total. Main memory consists of 16K blocks of 16 words each, and word addressing is used. a. Show the address format that...

Answered: 1 week ago

Question

★★★★★

Al purchases a speedboat costing $23,500. State taxes are 5.5% and federal excise tax is 15%. What is the total purchase price? (Round your answer to the nearest cent.)

Answered: 1 week ago

Question

★★★★★

NUMBER ONE HDL. Ltd, which manufactures footwear, makes up its accounts to 31 March each year. The company has an authorized share capital of Sh. 600,000,000 divided into 15,000,000 6.5% preference...

Answered: 1 week ago

Question

★★★★★

Fowler, Inc., declared a 4 percent stock dividend on its 750,000 shares of common stock. The $10 par value common stock was originally sold for $14 and was selling at $17 at the time the stock...

Answered: 1 week ago

Question

★★★★★

Refer to Figure 2-2. Devin works as an attorney for a corporation and is paid a salary in exchange for the legal services he performs. Juan owns office buildings and rents his buildings to companies...

Answered: 1 week ago

Question

★★★★★

Think of a person with whom you have recently had a disagreement who isnt willing to discuss the situation with you. What might be causing this reluctance? And which technique might best help you...

Answered: 1 week ago

Question

★★★★★

Are there certain people with whom you engage in more challenging strategies than others? Do you engage in conflict with strangers more or less than you do with people who are important to you?

Answered: 1 week ago

Question

★★★★★

1 Is forgiving those who do harm an acceptable outcome for a conflict of this magnitude? Did the reaction of the Amish to their childrens killer and to his family effectively resolve the conflict, or...

Answered: 1 week ago

Previous Question Next Question