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dimaraw [331]
4 years ago
15

A $ 45 comma 000​, threeminus​month, 12​% note payable was issued on December​ 1, 2018. What is the amount of accrued interest o

n December​ 31, 2018?​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
Business
1 answer:
Butoxors [25]4 years ago
8 0

Answer:

The correct answer is $312.5.

Explanation:

According to the scenario, the computation of the given data are as follows:

The interest amount after one month of issue considered as accrued interest.

So, Face value = $45,000

interest rate = 12%

Period = 1 month

So, we can calculate the accrued interest by using following formula:

Accrued interest amount = ( FV × rate) ÷ 12

= ($45,000 × 12% ) ÷ 12

= $312.5

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QveST [7]

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

3 0
3 years ago
Form a correct sentence by unscrambling the following sentence en el espanol hay vocales cinco
-Dominant- [34]

Answer:

En el español hay cinco vocales.

Explanation:

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3 years ago
A company makes tools, such as hammer and tape measures. One of their primary raw materials is steel and if they run out of stee
Sedbober [7]

Answer:

D. continuous review system

Explanation:

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3 years ago
Amy has a card shop. She receives a shipment of Valentine's Day cards in December 2011 made by a card manufacture in that month.
Firdavs [7]

Answer:

The contributions of these transactions is a reduction to GDP by $500 in 2011 and an increase in GDP by $800 in 2012.

Explanation:

GDP is the abbreviation for gross domestic product which is the monetary value of all finished products (goods and services) made within a country during a specific period (usually a year). In the determination of a country's GDP, imports are subtracted while exports or sales are added.

Therefore considering that Amy received a shipment of Valentine's Day cards in December 2011 paying a total of $500 and sold all the cards for a total of $800 in February 2012, the contributions of these transactions is a reduction to GDP by $500 in 2011 and an increase in GDP by $800 in 2012.

6 0
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Using the most reliable information available, how much of the Earth's land surface is used for agriculture today? View Availabl
enot [183]

Answer:

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Explanation:

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Government's surveys and records are no very reliable since you would need to use information from all the governments in the world including democratic countries and nations with dictatorships.

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3 years ago
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