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4 years ago

Buttner Company borrows $88,500 on September 1, 2014, from Harrington State Bank by signing an $88,500, 12%, one-year note.

Business

1 answer:

oksian1 [2.3K]4 years ago

4 0

Answer:

C.) $3,540

Explanation:

The loan borrowed is the Principal = $88,500

Interest rate per year = 12% or 0.012 as a decimal

Interest accrued formula = Principal * rate * time

Note: time will be from Sep1 - Dec 31 = 4 months or $\frac{4}{12}$ years

Interest accrued = 88,500 * 0.012 * $\frac{4}{12}$

Interest accrued = 3,540

Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.

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3 years ago

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Answer:

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Ilene rents a property for the entire year. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is a

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The loss can she deduct against ordinary income in the year is $5000.

<h3>How to calculate the loss?</h3>

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2 years ago

Martin's Yachts is expected to pay annual dividends of $1.40, $1.75, and $2.00 a share over the next three years, respectively.

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Answer:

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