Bill borrowed $3,600 and will be charged a simple interest rate of 18%. Bill will pay ________ interest for borrowing the money on April 1 and repaying the money on December 31
A) $468
B) $648
C) $486
D) $162
Answer: C
Explanation: C) $3600 × .18 × 9/12 = $486
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Aspen Company provides for doubtful accounts expense at the rate of 3 percent of credit sales. The following data are available for last year: Allowance for Doubtful Accounts, January 1 ..... $ 54,000 (cr) Accounts written off as uncollectible during the year ......................................... 60,000 Collection of accounts written off in prior years.. (customer credit was re-established)
........... 15,000 Credit sales, year-ended December 31 ........... 3,000,000 The allowance for doubtful accounts balance at December 31 . after adjusting entries, should be a. $45,000. b. $99,000. c. $90,000. d. $84,000.
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Under the Pregnancy Discrimination Act:
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What managerial logic might lie behind a stock split or a stock dividend?
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