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Alecsey [184]
3 years ago
5

On October 1, 2021, Stripes Inc. lends $100,000 to another company and accepts a 24-month, 6% note. What is the amount of intere

st revenue Stripes will report in its 2023 income statement? $0. $4,500. $12,000. $6,000.
Business
1 answer:
geniusboy [140]3 years ago
6 0

Answer:

$4,500

Explanation:

By the 24th month,  stripes will have cleared paying the interest.

In 2021, stripes will pay interest for three months( Oct, Nov, and Dec)

In 2022, stripes will pay interest for 12 months

in 2023, stripes will pay interest for 24-(3+12)= nine months

Interest for nine months.

Interest = P x R X T

P =$100,000

R= 6%

T= 9 months

=$100,000 x 6/100 x 9/12

=$100,000x  0.06 x 0.75

=$6000 x 0.75

=$4,500

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Online auctions are different. Because these transactions take place online, and are thus automated, when an "offer" to sell an item occurs then it can be taken as an opportunity to negotiate. Interested parties can make bids on the item, with or without a limit, depending on the auctioneer. Then the party with the highest bid wins the item.

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Hey There!:

Sample Mean = 4.4823

SD = 0.1859

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Jenna's closing agent has asked her to get a spot survey of the property she's purchasing. what will this accomplish for jenna a
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2 years ago
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What I feel would be appropriate to be delivered electronically:

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Firing people also should be done face-to-face. Even though this person is about to be kicked out of the team, we need to know that we appreciate what they've done to the team. Firing using electronic media just seems cold and impersonal.

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