Determine the interest on the following notes. (Round to the nearest cent.) a. $58,940 at 6 percent
Question:
a. $58,940 at 6 percent for 60 days.
b. $14,280 at 9 percent for 30 days.
c. $30,600 at 12 percent for 60 days.
d. $21,070 at 10 percent for 90 days.
e. $46,360 at 15 percent for 120 days.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
a 58940 6 100 60 365 58133 b 14280 9 100 30 ...View the full answer
Answered By
Shishir Mishra
First of all i done of my BA in 2007 and in 2006 I done a certificate of ICA (Industrial Computer of Accountant)
Then i starting teaching in ICA and i doing right now .
Thanks
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Accounting questions
-
Solve the problem. Round to the nearest cent or tenth of a percent. Reduced price = $22.21; markdown rate = 35%. Find the original price and the markdown amount. A. Original price = $14.44 Markdown...
-
Determine the interest on the following notes: a. $77,520 at 10 percent for 90 days b. $54,400 at 12 percent for 60 days c. $61,400 at 9 percent for 30 days d. $102,000 at 15 percent for 120 days e....
-
Determine the interest on the following notes: a. $38,760 at 10 percent for 90 days b. $27,200 at 12 percent for 60 days c. $30,600 at 9 percent for 30 days d. $51,000 at 15 percent for 120 days e....
-
JD is a 25 year old patient who sustained massive head trauma and neurological injury in a motorcycle accident. He is not brain dead, but after 4 weeks in MICU and several neuro consults, the...
-
Measurements of water intake, obtained from a sample of 17 rats that had been injected with a sodium chloride solution, produced a mean and standard deviation of 31.0 and 6.2 cubic centimeters (cm3),...
-
Why are traditional project planning methods insufficient when project deliverables are subject to changing requirements or continuous input from the project client?
-
Consider the random phasor sum of Section 2.9 with the single change that the phases \(\phi_{k}\) are uniformly distributed on \((-\pi / 2, \pi / 2)\). Find the following quantities: \(\bar{r},...
-
What are the competitive implications for firms if they assume that all potential exchange partners cannot be trusted?
-
Fox News won a court case by 'persuasively' arguing that no 'reasonable viewer' takes Tucker Carlson seriously Sonam Sheth Sep 24, 2020, 11:42 PM A federal judge on Thursday dismissed a lawsuit...
-
Blake Co. assembles specialist motor vehicles such as freight trucks, buses, and delivery trucks. The company owns four assembly plants where parts are delivered and assembled into the motor...
-
Chicago Corporation, which uses the allowance method, has accounts receivable of $25,400 and an allowance for uncollectible accounts of $4,900. An account receivable from Tom Novak of $2,200 is...
-
On August 25, Intercontinental Company received a 90-day, 9 percent note in settlement of an account receivable in the amount of $20,000. Determine the maturity date, amount of interest on the note,...
-
Why are the variances for fixed costs different from the variances for variable costs?
-
Given the data below for two alternatives, find the better alternative using incremental IRR analysis, if MARR is 8%. Initial Cost Maintenance Cost / Year Uniform Annual Benefit Salvage Value Life...
-
Identify the significant components of virtual teams, and analyze how teammates or team members get selected for virtual teams. Explain two critical factors that virtual team leaders must be aware of...
-
On January 1, BBA borrows $192,000 from Citizen Bank. The loan is due in one year along with APR of 8% interest. The company is preparing its quarterly report for March 31. Explain that what best...
-
In a certain material the equation of motion for the polarization is dg dt dgo dt + v +w = 2,w8 where is the total field in the dielectric. Find the relation between and when = Re(Eeat) and E is...
-
In a competitive labor market, the demand for and supply of labor determines the equilibrium wage rate and the equilibrium level of employment. Discuss the relationship between how these markets...
-
Solve Problem. 0.05x + 0.25(30 - x) = 3.3
-
Use the method of Example 4.29 to compute the indicated power of the matrix. 1 0 1
-
Lyft has tried to compete with Uber by undercutting the firms surge pricing. Will this tactic work? Why or why not?
-
Liquid Extracts Company produces a line of fruit extracts for home use in making wine, jams and jellies, pies, and meat sauces. Fruit enter the production process in pounds; the product emerges in...
-
Wash Clean Laboratories produces biodegradable liquid detergents that leave no soap film. The production process has been automated, so the product can now be produced in one operation instead of in...
-
Lid Corporation produces a line of beverage lids. The production process has been automated, so the product can now be produced in one operation rather than in the three operations that were needed...
-
The price of a car you want is $39,000 today. Its price is expected to increase by $1000 each year. You now have $23,500 in an investment account, which is earning 11% per year. How many years will...
-
Marshall's concept of external economies and diseconomies refers to: a) Changes in output resulting from changes in input levels b) The effects of production on the environment c) The benefits or...
-
The DD-AA model predicts that a permanent increase in foreign money demand will lead to an improvement in the domestic current account. True/False/Uncertain, explain and support your answer with ONE...
Study smarter with the SolutionInn App