Multiple Choice
A company receives a 7.5%,six-month note for $8,900.The total interest due on the maturity date is:
A) $66,750.00.
B) $4,005.00.
C) $2,002.50.
D) $667.50.
E) $333.75.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: Explain how to record the receipt of
Q16: ABC Co. sold $80,000 of accounts receivable
Q87: According to GAAP,the amount of bad debt
Q88: Match each of the following terms with
Q89: During a given year,a company had net
Q90: The party who borrows money and signs
Q91: On May 31,a company had a balance
Q94: A company ages its accounts receivables to
Q96: Halsted Inc.uses the allowance method.Previously,the company had
Q201: Sellers generally prefer to receive notes receivable