Question: Current Liabilities RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Required: Using a 365-day year, how much
Current Liabilities RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Required: Using a 365-day year, how much interest will be due on the note? O a. $10,000 O b. $20,3780.82 O c. $3,833.33 O d. $3,780.82
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