1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be:
ser-zykov [4K]

In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be higher than its target position

Option B

<u>Explanation: </u>

Negotiation is a political dialogue that addresses a problem in a way acceptable to both sides. That group tries in a discussion to convince the other to adhere to its views. Both parties involved tend not to argue, rather seek to find some kind of agreement by mediation.

Talks require others, so that one side is always in the forefront of the talks. Nevertheless, even when the concession is marginal, the other should surrender.

Negotiation parties can differ. These may include negotiations between purchasers or even between the government of several or more nations, employers and future employees.

6 0
4 years ago
The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
poizon [28]

Answer: $70,000

Explanation:

Accounts Receivable at the beginning of the year amounted to $16,000

During the year, $64,000 of credit sales were made to customers.

ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,

The Amount to appear in the operating activities section of the cash flow statement is

$16,000+$64,000-$10,000= $70,000

8 0
4 years ago
Read 2 more answers
One of the four most fundamental factors that affect the cost of money as discussed in the text is the current state of the weat
borishaifa [10]

GOOGLE DUH IT 2019 PEOPLE AND ARETN U SUPPOSE TO BE IN SCHOOL KIDDO

3 0
3 years ago
HaAaAiii frRiIieEenNds wWaAanNnAaaA cCcCcHhHaAaAtTtT pweeeaaase
Yakvenalex [24]

Answer:

yeah sure what do you want to ch.At about

Explanation:

because i don't really care what we talk abt

5 0
3 years ago
_____ must verify in writing the accuracy of their corporation's financial statements.
grin007 [14]
Chief operating officers (COO) and chief financial officers (CFO) must verify in writing the accuracy of their corporation's financial statements.

Answer: D)
3 0
3 years ago
Other questions:
  • According to immanuel wallerstein, currently, there are many countries whose production is owned or leased by dominating countri
    10·1 answer
  • What happens to if the price of is expected to increase in the near future?
    11·1 answer
  • Why would the supply curve of a dog walking business be considered elastic
    10·1 answer
  • Blossom Company began the year with retained earnings of $390000. During the year, the company recorded revenues of $489000, exp
    14·1 answer
  • 11) A company knows that they will sell 80,000 cases of #2 Pencils at a steady rate over the course of the next year. It costs t
    12·1 answer
  • Twelve years ago, the Archer Corporation borrowed $6,200,000. Since then, cumulative inflation has been 80 percent (a compound r
    13·1 answer
  • Zhao Co. has fixed costs of $390,600. Its single product sells for $181 per unit, and variable costs are $119 per unit. If the c
    14·1 answer
  • Which data representation system utilizes both letters and numbers? binary decimal hexadecimal octal
    11·1 answer
  • Service Pro Corp (SPC) is preparing adjustments for its September 30 year- end. For the following transactions and events, show
    11·1 answer
  • George purchased a futures contract at 349. The contract is on 2500 units, requires a 10% margin deposit and is priced in cents
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!