Question: Can someone explain how the math works on these two problems? 1.On April 1, 2010, Nelsen Inc. accepts a $100,000, 8% note. The note receivable

Can someone explain how the math works on these two problems?

1.On April 1, 2010, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are receivable on March 31, 2011. On March 31, 2011, Nelson Inc. will record interest revenue of:

a.$8,000

b.$6,000

c.$2,000

d.$0

2.On April 1, 2010, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are receivable on March 31, 2011. On December 31, 2010, Nelsen will accrue interest revenue of

a.$8,000

b.$6,000

c.$2,000

d.$0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I really need an answer for module 3 entries (June 17-30) and midterm evaluation and final evaluation. I need them asap please help. Zacks Bike Hut Level II 1st Web-Based Edition Introduction Page 1...

midterm ACCOUNTING I FINAL EXAM This final exam includes a comprehensive assignment, described below, and an assignment on the last tab where you will complete journal entries for a merchandising...

uestion: 1. IN A STOCK ACQUISITION ACCOUNTED FOR BY THE EQUITY METHOD, A PORTION OF THE PURCHASE PRICE OFTEN IS ATTRIBUTABLE TO GOODWILL OR TO SPECIFIC ASSETS OR LIABILITIES. HOW OR UNDER WHAT BASIS...

I need help on the 1065 partnership return. Its the one with Bilco Products. Thank you for whoever does. :) 2012 Edition Individuals', Corporation, Partnership, and Fiduciary Fact Patterns and Blank...

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

i have completed the begining of journal. but still need the depreciations and expenses for the bottom of it. Can you alos fill out the general ledgers, trial balance , income statement snd statement...

I need help with writhing a financial statement analysis report about Company Sprint Airline. I have attached the documents including the overview of the project and the template of it and example of...

only question 2.. plz help me.. im offering all my credits. i swear... Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3...

Question 2 What is the output of the following code snippet? (4 + 4); (12); System.out.print System.out.print 4+412 812 20 4412

Laplace transform of ramp function f(t)-DAt is . S b. 1/s C. A/s^2 d. s2

If a landfill is operated as an enterprise fund Blank______. Multiple select question. the liability will only be reflected in the government-wide financial statements modified accrual principles...

1) bit For fi(x1,X2,X3,X4,Xxs), f2(x1,X2,X3,X4,Xs) and f3(x1,X2,X3,X4,Xs) functions where xi is the most significant a) If fi(x1,X2,X3,X4,X5) = (x4Oxs)'+xx2x3'+x'x2x3'x4'xs draw the Karnaugh map for...

(i) Write the general expression for the energy of a harmonic oscillator. (ii) Calculate the zero-point energy of a harmonic oscillator consisting of a particle of mass 2.33 10-26 kg and force...

(a) What is the main assumption of the Born-Oppenheimer approximation? (b) Using the Born-Oppenheimer approximation, write the Hamiltonian for the H2 molecule (also, draw the diagram). Indicate the...

Write a paper about Information Technology and Organization Learning.

Write an essay about Physical Security Breach.

Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local g shown are actual demand levels, in thousands of gallons:...

4. What means will you use to achieve these values?

5. List three of what you would call your core values. For each of these core values, answer the following questions. a. What is the purpose of this value in your life? b. How does this value affect...

3. What values would you say are your core values?