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
LenaWriter [7]
3 years ago
9

On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e

xpense of the note?a. $4,800b. $480c. None of these choices are correct.d. $1,200
Business
1 answer:
Yanka [14]3 years ago
4 0

Answer:

d. $1,200

Explanation:

The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $80,000× 6% × (90 days ÷ 360 days)

= $1,200

We simply apply the simple interest formula

Since the number of days and the total number of days are given so we considered the same for the computation part.

You might be interested in
A highly ethical organization must have all the following elements except Multiple Choice corporate credos. role models. payment
givi [52]

Answer:

The correct answer is letter "C": payment plans.

Explanation:

<em>Highly ethical organizations</em> are those with a well-established <em>Code of Ethics </em>that comprises its <em>corporate credos and values.</em> Within a company, the idea of having "<em>heroes</em>" also helps to spread good practices since they are taken as <em>role models </em>so other employees tend to follow their example. Managers must be aware of the ethical behavior of employees to correct or eliminate any existing threat.

Thus, <em>having different payment plans are not considered in the setting of a corporation's Code of Ethics. </em>

7 0
3 years ago
For the doctrine of promissory estoppel to​ apply, which of the following is NOT a required​ element? A. the promisor should hav
erik [133]

Answer:

C) there was an​ offer, acceptance, and consideration

Explanation:

The doctrine of promissory estoppel requires that the following 5 elements must exist:

  1. The parties must anticipate that some type of legal relationship will exist between them.
  2. One party must have made a promise to another party.
  3. One party must rely on the promise made by the other party.  
  4. The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
  5. Unconscionability , in other words, there is nothing that forbids the party from performing the promise.
3 0
3 years ago
What is a project managers biggest responsibility
Y_Kistochka [10]
<span>The project manager's role in a nutshell, is the overall responsibility for the successful planning, execution, monitoring, control and closure of a project.</span>
6 0
3 years ago
Read 2 more answers
Do you think individuals should be able to open companies anonymously? Why or why not?
adoni [48]
Well im stuck in the middle so ill give you to reasons 


why i think they shouldnt be able to:
cuz they might wanna open it just as a scam and might try scamming and/or harming others



why i think they should be able to:
if they have a great idea and can prove its not a scam then im all for it ppl should be able to share and give their idea's to the world no matter howw far fetched they may seem 

also ur question requiers an opinion so it should be what YOU  think not just what others think :) in this type of question it would be best to go with ur own answer cuz there is no right or wrong anyways have a nice day :)
8 0
3 years ago
The largest component of gdp is investment spending. is
antiseptic1488 [7]

Answer:

The statement is false. The largest component of GDP is private consumption, or simply: consumption.

Explanation:

Consumption includes all purchases of goods and services made by individuals and households except for the purchase of new houses (these are considered investments).

In the U.S., consumption accounts for around 70% of GDP. This is why some economists say that the U.S. is a consumer-based economy.

8 0
3 years ago
Other questions:
  • The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated sa
    13·1 answer
  • Priya is making a book cover with area of 28 square inches. Sapna is making a book cover with n area of 28 square centimeters. m
    8·1 answer
  • A(n) _____ GPA does not include extra points for honors or advanced placement (AP) courses.
    12·2 answers
  • Adams Corporation owns and operates two manufacturing facilities, one in State X and the other in State Y. Due to a temporary de
    9·1 answer
  • If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply
    13·1 answer
  • A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
    12·1 answer
  • cost formula is expressed as follows: Y = $17PH + $760,000 where PH is defined as process hours. What budgeted dollar amount wou
    6·1 answer
  • Pharma Company produces various medicines in capsule form. At the beginning of the month of March, it had 5,000 units that were
    14·1 answer
  • What are the three basic types business organizations? *
    6·1 answer
  • How long after you file taxes does it get approved.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!