Multiple Choice
RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Using a 365-day year, how much interest will be due on the note?
A) $ 10,000
B) $ 3,833.33
C) $ 3,780.82
D) $203,780.82
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Term bonds are bonds that mature in
Q6: A company has 24 employees who are
Q7: Which of the following would be included
Q8: Which of the following is the type
Q9: The failure to accrue warranty expenses will
Q11: Booker Company reported sales revenue for 2007
Q12: Which of the following are categories of
Q13: Which of the following is the total
Q14: Which of the following is an expense
Q15: Which of the following would be classified