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
netineya [11]
3 years ago
8

Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a rep

ayment term of 90- days with a 10% interest rate. When the loan comes due, Alabaster Inc, must repay the $85,000 principle and $_____in interest. Calculate the amount of interest that Alabaster Inc. must pay Jones Company.
A) $8,500.
B) $2,095.
C) $2,125.
Business
1 answer:
Tju [1.3M]3 years ago
8 0

Answer:C) $2,125.

Explanation:

Interest = Principal x rate x time (period)

using days in a year = 360 days

Interest = $85,000 X 10% x 90/360

=$2,125

Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest

You might be interested in
What might you need to do to renew your credentials?
sashaice [31]
The answer to the question is to retake exams
4 0
3 years ago
Read 2 more answers
X Company is concerned that it does not have enough employees to ensure adequate segregation of duties in its revenue cycle. Whi
MAVERICK [17]

Answer:

The correct answer is C)Opening the mail and recording entries in the sales journal.

Explanation:

It is the correct answer because both activities can be done sitting on the desk, using the same computer. All the other answers refer to activity pairs that would require physical activity, and this would reduce efficiency. For example, making journal records and delivering inventory are extremely disjointed activities, it is like being an accountant and a delivery person at the same job.

5 0
3 years ago
4.
valentina_108 [34]
<span>Salary is the correct answer. </span>
3 0
3 years ago
Susan's father warned her about buying real estate. He told her that it was her responsibility to determine the facts about a pr
Margarita [4]

The legal issue that  Susan's father  was advising her about is: Caveat emptor.

<h3>What is Caveat emptor?</h3>

Caveat emptor is a Latin words which means let the buyer beware before buying or purchasing a property.

Hence,  Susan's father advising her about Caveat emptor which is why he told her facts to obtain a thorough inspection before buying or purchasing the real estate.

Learn more about Caveat emptor here:brainly.com/question/14565508

#SPJ1

8 0
2 years ago
At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac
Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

= $1.125

Now the fixed cost equal to

= High power cost - (High machine hours × Variable cost per hour)

= $20,000 - (12,000 hours × $1.125)

= $20,000 - $13,500

= $6,500

4 0
3 years ago
Other questions:
  • A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC ?
    12·2 answers
  • What's the difference between earned income and unearned income
    15·1 answer
  • Would rocks make a good form of money? Explain why or why not?
    13·1 answer
  • Bramble University sells 6,500 season basketball tickets at $40 each for its 13-game home schedule.
    7·1 answer
  • What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?
    13·1 answer
  • Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie
    10·1 answer
  • X7x 654x 46557775479x9=
    11·1 answer
  • A
    8·1 answer
  • Which symbol should you use for entering a formula in a cell?
    14·1 answer
  • Set up abs solve an equation for the following business situation
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!