Marsh Corporation borrowed $90,000 by issuing a 12%, six-month note payable, all due at the maturity date. After one month, the company's total liability for this loan amounts to:
a. $91,800
b. $90,900
c. $90,450
d. $90,000
b
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The term cost flow refers to the association of costs with their assumed flow in the operation of a business
Indicate whether the statement is true or false
The traditional U.S. business model:
A. assumes that business owners, public or private, operate from articulated principles. B. relies on banks to provide leverage. C. is input-process-output. D. assumes that business has an important set of social obligations.
Redundancy refers to ______.
a. the duplication of critical components such that the duplicate systems operate in parallel to the original components b. the duplication of components across the entire system such that each component in the system is duplicated c. the creation of a second system to mimic the first system if every component of the first system should fail d. the creation of unnecessary backup systems to provide a level of operational reliability that is not really required