[Solved] Principal amount on note receivable Annua

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Principal amount on note receivable Annual interest rate time period interest earned a. 70000 11.2% 6 months $3920 b. 44000 _ 9 months $3432 c.________

Principal amount on note receivable Annual interest rate time period interest earned

a. 70000 11.2% 6 months $3920

b. 44000 _________ 9 months $3432

c.________________ 9.4% 12 months $31965

need annual interest rate in B. and C. principal amount on note receivable

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

Securing And Auditing Data On DB2 For Z/Os

Authors: IBM Redbooks

1st Edition

ISBN: 0738432857, 978-0738432854

More Books

Students also viewed these Accounting questions

Question

★★★★★

When a futures contract is traded on the floor of the exchange, it may be the case that the open interest increases by one, stays the same, or decreases by one. Explain this statement.

Answered: 1 week ago

Question

★★★★★

Explain the role of wearable technology in predicting employee performance.

Answered: 1 week ago

Question

★★★★★

As many as 75% of older children and adolescents with conduct problems have anxiety or depression. The dual failure model posits that conduct problems cause academic and peer difficulties that, in...

Answered: 1 week ago

Question

★★★★★

Conversion from LIFO to FIFO. Caterpillar Incorporated is a U.S. firm that manufactures machinery and engines for the construction, agriculture, and forestry industries. It follows U.S. GAAP and...

Answered: 1 week ago

Question

★★★★★

3. Find minimal dfa's for the following languages. In each case, prove that the result is minimal. (a) L = {alm : n 2 1, m 2 2}. (b) L = {a"b: n 2 1}v{ba : n 2 1}. (c) L = {a" : n 2 0, n = 2}. (d) L...

Answered: 1 week ago

Question

★★★★★

On July 1, 2019, Ennis, Inc. purchased a patent for $210,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only 7 years. The patent has no...

Answered: 1 week ago

Question

★★★★★

The figure below shows a storage tank holding natural gas. In an adjacent instrument room, a U-tube mercury manometer in communication with the storage tank reads L-1.9 m. If the atmospheric pressure...

Answered: 1 week ago

Question

★★★★★

Recursion Lab Longest Palindrome Subsequence (LPS) is a "poster child" for recursion and very hard to solve in any other way. In this lab you will create class named LPS and within that class you...

Answered: 1 week ago

Question

★★★★★

9. If an S corp., a calendar year taxpayer, has 72 individual shareholders and one of those shareholders sells his shares to a corporation on June 25, 20X6, when does the S corporation's tax year...

Answered: 1 week ago

Question

★★★★★

The freight forwarder has four different exporters with cargo going from Toronto to Paris via AirFrance. What contract is going to be signed between the freight forwarder and Air France? a. Master...

Answered: 1 week ago

Question

★★★★★

The data set below includes a random sample of the number of tornadoes that touched down in the United States for 5 months out of one year. What is the variance? Round your answer to the nearest...

Answered: 1 week ago

Question

★★★★★

3 How can reward and motivational systems be successfully employed in international joint ventures in order to meet the needs and aspirations of an indigenous workforce?

Answered: 1 week ago

Question

★★★★★

2 To what extent are Western HRM principles and practices being applied in Chinese enterprises, and how successful are these? How do they contrast with Chinese indigenous approaches, and to what...

Answered: 1 week ago

Question

★★★★★

1 Is there a relationship between cultural values in specific countries (e.g. collectivism, power distance, instrumentalism, humanism) and the way (indigenous) organizations respond to changes in...

Answered: 1 week ago

Previous Question Next Question