Answer:
C) $10,000
Explanation:
The last interest payment was made on November 1, so by December 31, two months worth of interest is considered receivable.
Interest receivable = principal x interest rate x time periods = $500,000 x 12% x (2/12) = $10,000
By December 31, no principal payments had been done yet.
The answer would be (true)
Answer: D
If Emily wants to remind herself to begin working on revisions of her proposal document by the end of the month, and she is using her email software, she create a new Task and set a due date.
By creating a new task and setting a due date, she will be reminded on the specific day she wants herself to start the task.
