On December 1, 2017, Parsons, Inc sold machinery to a customer for $23,000
The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed an 9-month note at 12% interest. How much interest revenue was earned during 2017? (Round your answer to the nearest dollar.)
A) $260
B) $230
C) $1,840
D) $2,070
B .($23,000 x 9%) x 1/12 = $230
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Derivative instruments acquired to hedge exposure to changes in the fair values of assets or liabilities are fair value hedges. Fair value hedges are
a. hedges of a recognized asset or liability (or an identified portion of a recognized asset or liability), only. b. hedges of an unrecognized firm commitment (or an identified portion of that commitment), only. c. hedges on some or all of the cash flows of a recognized asset or liability, only. d. hedges on some or all of the cash flows of forecasted transactions, only. e. hedges of a recognized asset or liability (or an identified portion of a recognized asset or liability), and hedges of an unrecognized firm commitment (or an identified portion of that commitment).
Martha is the sheriff of Junction, Texas. Alex robs a gas station on the edge of town and then evades capture. A $500 reward is offered for his capture. The following week, Martha captures Alex. Martha A) can collect the $500 reward
B) cannot collect the $500 reward because she had a preexisting duty to catch Alex. C) cannot collect the $500 reward because it is not legally sufficient consideration. D) cannot collect the $500 reward because it would be unconscionable.
The market value of common stock is completely unrelated to its par value
Indicate whether the statement is true or false
Marketing citizenship refers to an organization's obligation to maximize its positive impact and minimize its negative impact on society.
Answer the following statement true (T) or false (F)