Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating


Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $50,020 12 % 30 days b. April 1 12,015 7 90 days c. June 22 26,300 11 45 days d. August 30 25,410 8 120 days e. October 16 11,660 10 50 days Due Date Interest Due at Maturity a. Feb. 14 b. Jun. 30 c. Aug. 6 d. Dec. 28 $ e. Dec. 5 $ Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 26 units at $200 per unit Feb. 19 Purchase 54 units at $230 per unit June 8 Purchase 62 units at $520 per unit Oct. 7 Purchase 60 units at $275 per unit There are 45 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost under each of the following methods. a. Determine the inventory cost by using the first-in, first-out method. b. Determine the inventory cost by using the last-in, first-out method. $ X c. Determine the inventory cost by using the weighted average cost method. Round intermediate calculation to cents then round final answer to the nearest whole dollar.
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