A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)
A. $87.50.
B. $75.00.
C. $50.00.
D. $150.00.
E. $37.50.
Answer: C
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Technology touches few aspects of life in most developed countries around the world.
Answer the following statement true (T) or false (F)
The net income reported on the income statement for the current year was $200,000. Depreciation recorded on plant assets was $38,000. Accounts receivable and inventories increased by $2,000 and $8,000, respectively. Prepaid expenses and Accounts Payable decreased by $1,000 and $11,000, respectively. Using the indirect method, how much would be reported for net cash flows from operating activities
in the statement of cash flows? A) $180,000 B) $200,000 C) $218,000 D) $238,000
Alliances between firms that are also competitors in another sphere is an example of:
a. Synergy b. Co-opetition c. Cooperation d. Organic networks
Prior to passage of the Affordable Care Act, insurance policies typically contained a provision excluding coverage for impairments that were present or were treated during a specified period prior to the effective date of the policy
This provision is a(n) A) time limit on certain defenses. B) preexisting-conditions clause. C) benefit period provision. D) incontestable clause.