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
attashe74 [19]
2 years ago
15

The interest charged on a $252000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)

Business
1 answer:
earnstyle [38]2 years ago
3 0

Answer: Interest charged=$3,780

Explanation:

Interest is the amount of money a borrower pays  to its lender for money loaned to him or her at a particular time and rate It can also be money accrued from investments or deposits in  financial institutions. It is calculated as

Interest charged = Principal x Rate x Time

= $252,000 x 6% X 90/ 360

=$3,780

The interest charged on the note payable  =$3,780

You might be interested in
One of the likeliest places to be involved in a property-damage only accident is?
sesenic [268]

Place your car in "park."

Defend you against approaching traffic.

When a vehicle collision occurs, it might be stressful, but it's crucial to keep in mind that your safety is always the top priority. Immediately upon being involved in a collision, keep in mind the following advice:

Verify your own health and the health of any passengers.

If you require medical asisstance or can't move your car, call "911" and follow the operator's instructions.

You should relocate to a safe area (such as the closest shoulder, the median, or the rightmost lane of the road) before exiting your car to examine the situation if it is still operational and neither you nor any of your passengers have been hurt.

to know more about property damage

brainly.com/question/4539405

#SPJ4

7 0
1 year ago
Read 2 more answers
Suppose that the European Union is now experiencing a recession. Its actual real GDP is €200 billion, and the estimate of its po
jek_recluse [69]

Answer and Explanation:

As per the data given in the question,

The central bank have various tools to apply expansionary policy and these tools are :

- Reserve ratio.

- Discount rate.

- Open market operations.

The open market operations include the buying and selling of government owned securities by central bank to impact the monetary base in the economy. In case of any recession, the central bank should purchase government securities to enhance the money supply. Because whenever they do any kind of open market purchase there would definitely be increase in money in the economy. That's why increment in money supply decrease the interest rate in economy.

Nominal interest rate is the cost of borrowing so if there is decrement in interest rate, there would be consumption and investment activities. these both are the component of aggregate demand so the aggregate demand will increase, and this increment in aggregate demand helps the economy to recover in the situation of recession.

6 0
3 years ago
Vijay Inc. purchased a 3-acre tract of land for a building site for $420,000. On the land was a building with an appraised value
PtichkaEL [24]

Answer:

$433,900

Explanation:

The computation of the capitalized cost of the land is shown below:-

Capitalized cost of the land = Purchase price + Demolition of building + Title insurance + Attorney fee + Property taxes covered during the period - Scrap value from the building

= $420,000 + $12,000 + $900 + ($3,000 - $500) - $1,500

= $420,000 + $12,000 + $900 + $2,500 - $1,500

= $435,400 - $1,500

= $433,900

5 0
3 years ago
A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would
jarptica [38.1K]

Answer:

B. Investing activity.

Explanation:

Investing activity refers to payment for acquisition of assets like a new building. It is an investing activity because the asset is expected to generate returns in terms of savings in rent.

3 0
3 years ago
The budget for the City of Goodville for the year ending December 31 was adopted and recorded on January 2 of the same year. Aft
scoray [572]

Answer:

See below

Explanation:

A budgetary fund is an income account and thus a debit balance suggests a deficit on the fund account. This means that governing bodies of City of Goodville have spent more money in their expenditures than they have brought in as income from the fund. This will be recorded as a liability in the balance sheet. Where as a credit balance would be a surplus and recorded as  an asset.

3 0
3 years ago
Other questions:
  • The phrase "invisible hand" means that:
    5·1 answer
  • Lewis is the manager of the marketing department at his company. Some of his colleagues are also his friends. Lewis often lets h
    15·1 answer
  • One of the most talented managers to ever work at ABC Inc. is Amy Holmes. Combining graciousness intelligence and creativity. Am
    11·1 answer
  • How, specifically, do equal employment laws apply to personnel recruiting activities?
    12·1 answer
  • Hector has a favorite Mexican fast food restaurant he likes to go to for chicken burritos. He will drive ten miles to the locati
    14·1 answer
  • It is common practice among currency traders worldwide to both price and trade currencies against the U.S. dollar. Consider a cu
    14·1 answer
  • If a monopolist increases sales from 100 to 101 units of output by lowering its price from $4.00 to $3.99, its marginal revenue
    15·2 answers
  • Lunderville Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,200 units
    13·1 answer
  • In​ 1982-84 dollars, the real average hourly wage rate in 2005 was ​$8.18 and in 2006 ​, it was ​$8.24 . In 2005 ​, the CPI was
    5·1 answer
  • Choose the correct alternative regarding tax revenue:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!