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
olga55 [171]
4 years ago
5

On November 7, 2017, Mura Company borrows $360,000 cash by signing a 90-day, 9% note payable with a face value of $360,000. (Use

360 days a year. Do not round your intermediate calculations.) 1. Compute the accrued interest payable on December 31, 2017.
Business
1 answer:
Charra [1.4K]4 years ago
8 0

Answer:

The accrued interetst is $4860 and $3240

Explanation:

Solution

Recall that:

Mura Company borrows= $360,000

Time =90/360

rate = 9%

Face value =$360,000

The next step is to compute the accrued interest payable on December 31, 2017.

Now,

Interest = 360000*9%*90/360=8100$

year end interest accrual:

Principal =$360000

time 54/360

Interest =360000*9%*54/360 = $4860

Interest recognized on February 5

Principal =$360000

Rate= 9%

Time= 36/360

Interest 360000*9%*36/360 = $3240

You might be interested in
Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940)
katovenus [111]

Answer:

a) 60,000

Explanation:

The Current Population Survey(CPS) contacts a representative sample of 60,000 people of age 15 and above every month in order to make an inferential assumption about the US population as a whole.

7 0
4 years ago
Suppose that Edison, an economist from a university in Arizona, and Hilary, an economist from a school of industrial relations,
Ivahew [28]

Answer:

Tariffs and import quotas generally reduce economic welfare.

Explanation:

The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.

The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.

6 0
3 years ago
50 points pls give good answer
Oliga [24]

Answer:

What I would like best as working as a hospitality manager, is to make sure my establishment/place of work is running smoothly. Whether that requires me to keep up with finances, or just general peace keeping. I would ensure that my customers were 100% satisfied and felt welcome their entire stay.

Explanation:

6 0
3 years ago
Read 2 more answers
Using the FAFSA form, you can apply for:
GREYUIT [131]
When completing the FAFSA application, or Free Application for Federal Student Aid, you can apply for colleges.
6 0
3 years ago
Read 2 more answers
Why do you think fans can be so resistant to hearing stars’ political views? Have you ever changed your opinion about any celebr
ValentinkaMS [17]

Answer:

Yes

Explanation:

I believe celebrities must participate progressively in political issues. They have the right audience and stage, and they should utilize it to spread awareness. Celebrities have the right to speak up their mind, just like every other person. As I would see it, they can be influential so they should express their thoughts considering how noticeable their voice is to the general public. To me, celebrities do not change my political assessment and opinions, yet they educate me on different sentiments and help me to understand a different point of view. This practice will also encourage freedom of speech. Therefore, everyone must give their opinion on politics, specially celebrities.

8 0
3 years ago
Other questions:
  • Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been
    10·1 answer
  • First phase of hacking is __________ phase, which is designed to gain as much information about a target organization and its sy
    6·1 answer
  • A newly created subsidiary sold all of its inventory to its parent at a profit in its first year of existence. The parent, in tu
    13·1 answer
  • Webster Corporation's budgeted sales for February are $325,000. Webster pays sales representatives a commission of 6% of sales d
    13·1 answer
  • The instructors at Edudrakel, a tutoring center for undergraduate students, are required to teach multiple subjects that are not
    5·1 answer
  • Which of the following is a potential safety hazard?
    10·2 answers
  • The Securities and Exchange Commission and the Federal Aviation Administration are examples of agencies engaged in A. the regula
    14·1 answer
  • The function of ____ is to respond to unfavorable publicity or a negative event.
    7·1 answer
  • Early in 2020, Tamarisk Equipment Company sold 600 Rollomatics at $5,400 each. During 2020, Tamarisk spent $21,000 servicing the
    5·1 answer
  • 1. The capital structure weights used in computing the weighted average cost of capital: A. are based on the book values of tota
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!