Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 08, 2022

The interest on a $ 27000 , 15 %, 1 -year note receivable is $4050. $270. $31050. $228.

The interest on a $27000, 15%, 1-year note receivable is

$4050.

$270.

$31050.

$228.

Step by Step Solution

★★★★★

3.50 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

Solution A note receivable is also known as a promissory not... blur-text-image

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

Business Math

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

10th edition

133011208, 978-0321924308, 321924304, 978-0133011203

More Books

Students also viewed these Accounting questions

Question

★★★★★

The appropriate formula to find the interest on a certificate of deposit (CD) of $10,000 for five years at 4% compounded semiannually?

Answered: 1 week ago

Question

★★★★★

Interest on a note receivable typically is due along with the face value at the note's maturity date. If the end of the accounting period occurs before the maturity date, how do we record interest...

Answered: 1 week ago

Question

★★★★★

you will reassess your knowledge of our impact on the environment and how we can lower this impact. What do you know about sustainability? What can you do to lower your ecological footprint?

Answered: 1 week ago

Question

★★★★★

Implement a Digraph data type that represents directed graphs, where the direction of edges is significant: $\operatorname{addEdge}(v, w)$ means to add an edge from $v$ to $w$ but not from...

Answered: 1 week ago

Question

★★★★★

On December 31, 2013, Zurich Corp. provided you with the following pre-adjustment information regarding its portfolio of investments held for short-term profit-taking: During 2014, Bilby Corp. shares...

Answered: 1 week ago

Question

★★★★★

Suppose that we have a set of four jobs. Release times r i, deadlines D i, and execution times C i are as follows: Generate a graphical representation of schedules for this job set, using earliest...

Answered: 1 week ago

Question

★★★★★

72. In Example 3.28 show that the conditional distribution of N given that U1 = y is the same as the conditional distribution of M given that U1 = 1 y. Also, show that E[N|U1 = y] = E[M|U1 = 1 y] =...

Answered: 1 week ago

Question

★★★★★

Bartley Barstools has an equity multiplier of 2.4. The companys assets are financed with some combination of long-term debt and common equity. What is the companys debt ratio?

Answered: 1 week ago

Question

★★★★★

Consider a project with free cash flows in one year of $133,605 in a weak market or $196,786 in a strong market, with each outcome being equally likely. The initial investment required for the...

Answered: 1 week ago

Question

★★★★★

Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group...

Answered: 1 week ago

Question

★★★★★

The management of Quills and Ink want to calculate the required rate of return (ROR) of the company. The following information is available: Risk free rate 5.30% Equity risk premium 4.24% Firm size...

Answered: 1 week ago

Question

★★★★★

What is the first step in defining requirements for an application? determining what the application must have and do creating a superclass for all of the objects in the application choosing which...

Answered: 1 week ago

Question

★★★★★

Research a prominent current or historical organizational leader from your country and develop a 2-to-4 page APA-formatted paper discussing the following: Brief biography on the leader you selected...

Answered: 1 week ago

Question

★★★★★

After watching the Super Size Me movie online answer the following questions. 6. Just after the film "Supersize Me" was released, McDonald's terminated the "supersize" option at all its stores. The...

Answered: 1 week ago

Question

★★★★★

A class of 22 students consists of 12 girls and 10 boys. A committee of five students is being chosen from this class to plan a school event. Determine the number of 5 student committees that can be...

Answered: 1 week ago

Question

★★★★★

(CLO2:PLO1:C2) 3. a) Process Strategy is to create a process to produce products that meets customer requirements within cost and other managerial constraints. List down FOUR (4) basic process...

Answered: 1 week ago

Question

★★★★★

PART 4. Assume that Homex Co. on May 1, 2020, sells merchandise on account to Carver Company for $1,500 terms 4/10,n/30. On May 6, Carver returns merchandise worth $150 to Homexr Co. On May 8, Homex...

Answered: 1 week ago

Question

★★★★★

The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

Find the depreciation for the first three years for a laser printer that costs $5,800 and was placed in service midyear under the MACRS as a five-year property.

Answered: 1 week ago

Question

★★★★★

EZ Loan Company loaned $500 at 8% annual interest compounded quarterly for one year. Use Table 13 - 1 or the appropriate formula to calculate the amount the loan company will earn in interest?

Answered: 1 week ago

Question

★★★★★

Draw a bar graph comparing the quarterly sales of the Oxford Company: January-March, $280,000; April-June, $310,000; July-September, $250,000; October-December, $400,000.

Answered: 1 week ago

Question

★★★★★

For a nominal rate of 6.75%, determine the compounding frequency if the periodic interest rate is: a. 0.5625%. b. 1.6875%.

Answered: 1 week ago

Question

★★★★★

Determine the periodic interest rate for a nominal interest rate of 4.8% compounded: a. Semiannually. b. Quarterly. c. Monthly.

Answered: 1 week ago

Question

★★★★★

What is the nominal rate of interest if the periodic rate is: a. 0.583% per month? b. 5.8% per year?

Answered: 1 week ago

Previous Question Next Question