fast please

Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400, and the cash proceeds received and available to use for the 60-day period is R019600 what is the actual interest rate on this note? a. 12.45% b. 12.24% c. 12.00% d. 10.00% An assets is classified as a fixed asset when a. It has life less than one year b. It is used in the normal business operations and has life more than one year O c. It is bought for long term for resale in future O d. It is one which has to be depreciated every year Al Shahba has net sales are RO 57500 and gross profit rate is 45% of net sales, then estimated cost of goods sold will be a. RO 31625 b. RO 25875 C.RO 28750 O d.RO 23000 Clear my choice To record uncollectible under the direct write off method the entry is O a. Uncollectible Accounts Expense Dr. and Accounts Receivable Cr. O b. Uncollectible Accounts Expense Dr. and Allowance for Doubtful Accounts Cr. OC. Accounts Receivable Dr. and Uncollectible Accounts Expense Cr. O d. Allowance for Doubtful Accounts Dr. and Uncollectible Accounts Expense Cr