Answer: $450
Explanation:
A Promissory note is a type of notes which carry a fixed interest rate. In a Promissory note, the issuer of the note has made a promises to pay a fixed amount with interest on the maturity date to the payee.
Answer and Explanation:
Face value of the promissory note = $10,000
Maturity period = 180 days
Interest rate = 9%
Interest payable on maturity = $10,000 × 9% × 180/360
= 10,000 × 0.09 × 0.5
= $450
The total interest due on the maturity date is $450.
Answer: $650,000
Explanation:
Given that,
Fair and par value of issued bonds = $150,000
Prior acquisition, McGuire reported
Total assets = $500,000
Liabilities = $280,000
Stockholders’ equity = $220,000
At that date, Able reported
Total assets = $400,000
Liabilities = $250,000
Stockholders’ equity = $150,000
Account payable to McGuire = $20,000
Total assets reported by McGuire after acquisition:
= Total assets + Fair value of investment
= $500,000 + $150,000
= $650,000
Answer: Political Preference
Explanation: You cannot judge anyone based on their political views.
Answer:
.increased capital
.increase in working population
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00
