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
jeka94
2 years ago
6

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N

ote Contract Date Principal Interest Rate Period of Note (Term) 1. March 19 $ 28,000 6 % 60 days 2. May 11 33,000 8 90 days 3. October 20 21,000 4 45 days
Business
1 answer:
Alinara [238K]2 years ago
5 0

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date    Maturity Month Maturity Date   Interest expenses

March 19                  May                         18                           $280

May 11                      August                     9                            $660

October 20             December               4                             $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280  

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105                                                        

You might be interested in
4) Identify the elements that are necessary to make a contract valid
____ [38]

Answer:ss

Explanation:

6 0
3 years ago
Data on consumer spending per capita or industrial purchasing trends would be identified in the ________ section of a global mar
larisa [96]

Answer:

The right approach will be "Economic".

Explanation:

  • Both of the economic conditions that shape the market as well as customer behavior are the emphasis or objective including its economic climate.
  • These variables could be used to forecast the path during which the economy will change the potential for customer demand and the much-needed market pattern or study.
8 0
3 years ago
Given the following data: Average operating assets $ 504,000 Total liabilities $ 23,520 Sales $ 168,000 Contribution margin $ 85
kipiarov [429]

Answer:

9%

Explanation:

According to the given situation, the solution of return on investment is shown below:-

Return on investment = (Net operating income ÷ Average operating assets) × 100

now, we will put the values into the above formula

= ($45,360 ÷ $504,000) × 100

= 0.09 × 100

= 9%

Therefore for computing the return on investment we simply applied the above formula.

7 0
3 years ago
The following are the transactions for Evans Company: a. Sold merchandise for $645. The cost of goods sold was $375. b. Sold mer
omeli [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
When a "bubble" arises, asset prices are driven by:
Crazy boy [7]

Answer:

d. shifts in market psychology and successive waves of irrational exuberance.

Explanation:

Bubble in respect to financial market means an unexpected and non-explainable reason. This although the economists believes arises because of the emotional attachment and effects on an asset. As for example: when an asset is made using the specific raw material which is discovered to be precious in the terms it is ancient then, automatically the price of the asset increases in the market.

Thus, this is nothing but a market psychology that is basically an effect of emotional concerns of individual mindset, which is irrational.

This theory is explain by Keynesian the economists.

7 0
2 years ago
Other questions:
  • Which payment type is the best if you are trying to stick to a budget
    14·1 answer
  • Skysong, Inc. has the following inventory data: July 1 Beginning inventory 33 units at $16 $528 7 Purchases 115 units at $17 195
    9·2 answers
  • Explain how businesses can use copyright ,patent and trademarks in dealing with piracy
    15·1 answer
  • Jack broke into the Acme Liquor Store. He took $600 in cash. The police arrested him and he was convicted for this crime. The pe
    11·1 answer
  • The measure of a​ company's ability to collect cash from its customers who purchase on account is the A. accounts payable turnov
    6·1 answer
  • A client who has been training at high intensities in preparation for a triathlon reports joint pain, excess fatigue, and the in
    12·1 answer
  • A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On
    15·1 answer
  • Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days o
    15·1 answer
  • In the market for labor, demand describes
    6·1 answer
  • Factors of production examples ​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!