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
TiliK225 [7]
3 years ago
9

On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem

ber 31 will be:
Business
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

Let plug in the formula

Accrued interest=$3,500×6%

Accrued interest=$210

Therefore the amount of interest to be accrued on December 31 will be $210

You might be interested in
What do the underlying values in your mission statement tell you?
wariber [46]
A should be your answer
7 0
3 years ago
Read 2 more answers
Tim writes a note to his boss to apologize for an embarrassing typo in a recent publication. at the end of the message, he promi
lina2011 [118]
<span>Tim’s desire to demonstrate remorse for his sanctions as well as demonstrate his understanding of the consequences of his poor behavior. This promise is an example of Tim attempting to secure future employees within with his current organization. Tim is ultimately owning my up to a mistake like a true man.</span>
6 0
3 years ago
How do I answer this?
Kay [80]
D then c and then the g chord
5 0
3 years ago
Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The co
Nostrana [21]

Answer:

C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.

Explanation:

From the question Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. But Shawn did not follow the specifications now Harry doesn't want to pay him the contract amount.

Under doctrine of specific performance, Harry can pay less money than the contract price. Because Shawn has performed substantially, he is not entitled to receive the contract price as agreed.

4 0
3 years ago
On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requi
Tema [17]

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

<u>Working:</u>

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

3 0
3 years ago
Other questions:
  • Which of the following is not a strength of sensitivity analysis?
    6·1 answer
  • What is a panel discussion
    12·1 answer
  • Who cailmed that there has never been, nor ever will be , a people who are poltical ignrant and free?
    11·1 answer
  • Sarah's optimism is both a contributor to and a product of her successful career accomplishments. This best illustrates self-ser
    15·1 answer
  • What are the alternatives to bankruptcy?
    7·1 answer
  • Journal Entry
    9·1 answer
  • HELP PLEASE<br><br> 20 points :)
    5·2 answers
  • 1.4. Discuss the role of the Competition Commission why it cannot deal with the
    7·1 answer
  • Why was brainly made to be a money grab and scam?<br>Or at least it appears to be.
    7·1 answer
  • Describe how crashing and fast tracking can be used to compress a project schedule. What limitations could there be with each of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!