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mina [271]
3 years ago
8

On February 1, 2021, Miter Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six mont

hs. How much interest revenue will Miter Corp. report during 2021
Business
1 answer:
Taya2010 [7]3 years ago
7 0

Answer:

$60

Explanation:

The computation of interest revenue is shown below:

= Note receivable amount × rate of interest × given number of months ÷ (total number of months in a year)  

= $1,000 × 12% × (6 months ÷ 12 months)

= $60

Basically we multiplied the note receivable amount with the interest rate and the given number of months so that the interest revenue could come

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The First National Bank of Nelsonville has no excess reserves when a new deposit of $10,000 is made. The required reserve ratio
victus00 [196]

Answer:

$950

Explanation:

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Workings

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3 years ago
Perhaps the most significant federal statute specifically addressing cyber crime is the:________.
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Answer:

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Explanation:

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What is the distinction between​ cross-sectional data and​ time-series data?
AleksAgata [21]

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