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Illusion [34]
3 years ago
7

The maturity date of a note receivable: Multiple Choice

Business
1 answer:
zhannawk [14.2K]3 years ago
8 0

Answer:

a) Is the day the note is due to be repaid.

Explanation:

A note receivable is a written commitment to receive an amount of money on a certain date and the maturity date refers to the day in which the complete amount needs to be fully paid. This date lets the lender know when he/she will receive all of the money back.

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Maywood, Inc. signs a​ $17,000, 8.5%,​ six-month note dated November​ 1, 2017. The interest expense recorded for this note in 20
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Answer:

$241

Explanation:

Of the six month tenor of the note, the period that falls into 2017 is 2 months (that is, November 1 to December 31). In addition, by default, interest rates are stated on an annual basis except indicated otherwise. Therefore, it is assumed that 8.5% rate indicated in the question is an annual rate.

The computation of the interest that falls into 2017 is as follows:

= Note Amount*interest rate*\frac{number of months in 2017}{12 months in a year}

= $17,000 * 8.5% * 2/12

= $240.83

= approx. $241.

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3 years ago
Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
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Answer: She can produce 50 drinks in 1 hour, 200/4 = 50

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J. D. started working for an export trading company right out of college. His job took him to Asia on several occasions, where h
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Answer:

<u>B) social responsibility differences between similar firms, but in different countries</u>

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During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr
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