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Vlad [161]
3 years ago
8

On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $68,000, 10% interest-bearing note in payment a

t a time when the prevailing rate of interest for similar transactions was 10%. When the note was collected upon maturity, Parson would recognize interest revenue of: Multiple Choice
$0.
$1,700.
$3,400.
$5,100.
Business
1 answer:
nekit [7.7K]3 years ago
7 0

Answer:

The interest revenue on note receivable that will be recognized at maturity is $1700.

Explanation:

The note is a three months note. So, the interest that will be charged on the note for the period the note was outstanding, i.e. three months from June to August.  The rate that is given is an annual rate. Thus, the interest on note for three months period will be,

Interest revenue on note = 68000 * 0.1 * 3/12

Interest revenue on note = $1700

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6 0
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Francis interviews two candidates for an administrative assistant position that will require a fair amount of project management
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Answer: Applicant's cognitive abilities

Explanation:

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Answer:

The correct answer is: False.

Explanation:

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7 0
3 years ago
Iron Man Foundry produces multiple products, one of which is casting a hose nozzle. The daily demand for these nozzles is 1,000
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Answer: 0.48 minutes

Explanation:

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Net time available is number of minutes in a shift so:

= 8 hours * 60 minutes

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4 0
3 years ago
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xxMikexx [17]

Answer:

d. cultural

Explanation:

Cultural barrier -

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3 years ago
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