Question
Total Interest to be earned on a $7,500, 5%, 90-day note is: Group of answer choices $93.75 $1,125.00 $325.00 $31.25 A company receives a $9,000,
Total Interest to be earned on a $7,500, 5%, 90-day note is:
Group of answer choices
$93.75
$1,125.00
$325.00
$31.25
A company receives a $9,000, 8%, 60-day note. The maturity value of the note is:
Group of answer choices
$9,120.00
$120.00
$93.75
$9,000
A company paid $326,000 for property that included land, land improvements and a building. The land was appraised at $175,000, the land improvements were appraised at $70,000, and the building was appraised at $105,000. What is the allocation of costs to the three assets?
Group of answer choices
Land, 163,000, Land Improvements, $ 65,200: Building $ 97,800.
Land, 163,000, Land Improvements, $ 60,200: Building $ 90,800.
Land, 163,000, Land Improvements, $ 55,200: Building $ 97,800.
Land, 150,000, Land Improvements, $ 65,200: Building $ 99,800.
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