answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreyy89
2 years ago
9

Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interes

t has accrued as of December 31, 2016
Business
1 answer:
Arte-miy333 [17]2 years ago
3 0

Answer:

The amount of interest accrued as of December 31, 2016 is $10,980.

Explanation:

On December 31, two months interest is accrued and this is equivalent to 61 days (30 days for November and 31 days for December).

Calculation of Interest accrued is as follows ;

Interest accrued =  $360,000 × 6% × 61/120

                           =   $10,980

You might be interested in
Samantha’s database contains a table of student scores and another table with student schedules. How can Samantha use this infor
Ugo [173]
<span>The correct answer is She can use a complex query linking student scores by name and available study period, then sort the data and group it. By doing this, she would have used both tables to make a decision on how to group the students for a review class.</span>
8 0
1 year ago
Read 2 more answers
Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which l
Neko [114]

Answer:

D. ensure that she credits the loan amount accurately to the customer’s account

Explanation:

Erin needs to address this legal responsibility, and "arranging an informal meeting with the customer" is not a legal responsibility. Similarly, C is not a legal responsibility, and in fact, it is a crime. And E is not a legal responsibility. These details are not being given at the time of sanctioning the loan. However, D is certainly a legal responsibility as Erin needs to ensure that she credits the loan amount accurately to the customer's account.

6 0
2 years ago
Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno
notsponge [240]

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

6 0
1 year ago
Read 2 more answers
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
Goshia [24]

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

6 0
1 year ago
Which of the following statements is true regarding a work team?A) Work teams are rarely used in organizations today.B) Work tea
Lyrx [107]

Answer:

C) Work teams generate positive synergy through coordinated effort.

Explanation:

<u><em>Work teams is a team formed with number of individuals working for the same goal, who posses different talents and values, and joint together, providing a positive synergy in the team, towards the common goal.</em></u>

Work teams are focused and for reaching the goals, distribute the work among themselves through a facilitator, who is said to lead the work team, in the process of achieving a common goal.

Therefore, correct statement is:

Statement C

3 0
1 year ago
Other questions:
  • Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years?
    9·2 answers
  • A drawback to high-velocity, automated decision-making systems is that they are unable to
    10·1 answer
  • Gary Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin
    9·2 answers
  • REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This i
    8·1 answer
  • If a bushel of wheat costs $6.40 in the US and costs 40 pesos in Mexico and the nominal exchange rate is 10 pesos per dollar, th
    5·1 answer
  • Becca is a business writer looking for information on public service jobs in California that don’t require a college degree. She
    14·1 answer
  • The diagnostic role of marketing research includes gathering and presenting factual statements.a. trueb. false
    6·2 answers
  • Fifteen years ago, Mr. Fairhold paid $50,000 for a single-premium annuity contract. This year, he began receiving a $1,300 month
    11·1 answer
  • Some countries have oil as a natural resource and BronzePlate Inc., based in Illinois, is considering building a facility in one
    15·1 answer
  • How are the three economic conditions (Growing, Stable, and Declining) called in the Decision Table?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!