Vivo Co received an 8-month, 9% note for $100,000 from its agent on October 1, 2016 . The note is due on May 30, 2017 . If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? 2016 2017
a.
$3,750 $2,250
b.
$2,250 $3,750
c.
$9,000 $ 0
d.
$3,375 $5,625
b
You might also like to view...
An estimate of the amount which an asset can be sold at the end of its useful life is called residual value
Indicate whether the statement is true or false
The utilization is:
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day. A) .30. B) .45. C) .57. D) .85.
Which of the following is not an example of customer service?
A. Suggest a less expensive product that will meet the customer's need. B. Deliver the product on time. C. Keep a customer on hold indefinitely. D. Help customers carry their purchases to their vehicles.
Corporate bonds are not as liquid as government bonds because
A) fewer bonds for any one corporation are traded, making them more costly to sell. B) the corporate bond rating must be calculated each time they are traded. C) corporate bonds are not callable. D) all of the above. E) only A and B of the above.