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Question 2 6 1 pts Mystic Magic issued a $ 1 4 6 , 7 9 7 note on January 1 , 2 0 1
Question pts Mystic Magic issued a $ note on January to a customer, Amy Amold, in exchange for merchandise. Terms of the note are month maturity date on October at a annual interest rate. Amy Arnold does not pay on her account and dishonors the note. On November Mystic Magic decides to sell the dishonored note to a collection agency for of its value. How much interest revenue does Mystic Magic recognize on October Round to the nearest penny, two decimal places.
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Mystic Magic issued a $ note on January to a customer, Amy Amold, in exchange for merchandise. Terms of the note are month maturity date on October at a annual interest rate. Amy Arnold does not pay on her account and dishonors the note. On November Mystic Magic decides to sell the dishonored note to a collection agency for of its value. How much interest revenue does Mystic Magic recognize on October Round to the nearest penny, two decimal places.
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