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Andreyy89
3 years ago
9

Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interes

t has accrued as of December 31, 2016
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

The amount of interest accrued as of December 31, 2016 is $10,980.

Explanation:

On December 31, two months interest is accrued and this is equivalent to 61 days (30 days for November and 31 days for December).

Calculation of Interest accrued is as follows ;

Interest accrued =  $360,000 × 6% × 61/120

                           =   $10,980

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Answer:

<em>2. EasyOpen's patent expired after 20 years</em>

Explanation:

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Inventors and other patent proprietors may therefore choose to measure and evaluate their patent's expiry date.

It will mostly rely heavily on the date of filing of your patent application, and also the sort of patent they obtained.

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Patent protection for utility patents, which are the most common type of patent, and which EasyOpen Inc is part of, lasts 20 years after the patent application's filing date.

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3 years ago
What are the three choices that profit-maximizing firms have to make?
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3 years ago
Type the correct answer in the box. Spell all words correctly.
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3 0
2 years ago
What recent StuffDot actions have added to its user-friendliness
8090 [49]

Answer:

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3 years ago
Benz Company is considering the purchase of a machine that costs $100,000, has a useful life of 18 years, and no salvage value.
Marysya12 [62]

Answer:

B. $14,600

Explanation:

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2 years ago
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