A company borrowed $10,000 by signing a six-month promissory note at 5% interest. The amount of interest to be paid at maturity is $25.

Answer the following statement true (T) or false (F)


False

$10,000 × .05 × 6/12 = $250

Business

You might also like to view...

When the board of director's declares a cash or stock dividend, this action decreases Retained Earnings

a. True b. False Indicate whether the statement is true or false

Business

All of the following are questions that should be answered when evaluating the performance of corporate venturing efforts, except:

A. Does the venture add to the worth of the firm internally? B. Does the value proposition offered by the venture insulate it from competitive attack? C. Is the venture attracting external venture funding? D. Is the venture considered to be a market success?

Business

What is the Motion Picture Association of America and how has it impacted film production concerns?

What will be an ideal response?

Business

A descriptive mark that is initially unavailable for protection can still become protectable if it acquires __________ meaning

a. descriptive b. geographic c. personal d. secondary

Business