menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 7: Receivables and Investments
  5. Question
    Router Inc
Solved

Router Inc

Question 17

Question 17

Multiple Choice

Router Inc.lends $70,000 on a 120-day,9% promissory note.The total interest that Router will receive at maturity is


A) $6,300.
B) $2,100.
C) $525.
D) $1,890.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The data presented below are for

Q13: Clarion Corp.invested cash in a six-month certificate

Q14: Baggs buys $100,000 of Vista Company bonds

Q15: Mellon Corporation<br>The data presented below are

Q16: Whether investments are reported as current or

Q18: What are the effects on the accounting

Q19: The maker of a note recognizes a

Q20: On July 1,2017,Falcon Company received a $20,000

Q21: Comfort Shoes received a promissory note from

Q22: On August 16,2017,Blenim Corp.purchases 6,000 shares of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines