On July 18, a firm received from one of its customers, Shane Riche, a written promise to pay the firm $1,200, at 12% interest, on September 16, for merchandise that she had purchased from the firm. Which of the following statements is true?
a. Shane is the payee of the note.
b. The firm is the maker of the note.
c. The firm is the endorser of the note.
d. Shane is the maker of the note.
e. The face of the note is $1,200 plus the interest.
d
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The average amount by which the returns on stocks exceeds the return on debt securities is referred to as
A. beta coefficient. B. gamma coefficient. C. return spread. D. equity premium.
Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance for Jenning Co Employees are owed $750 for services since the last payday in July, to be paid the first week in August. The amount to be reported in the July income statement for salaries expense is: a. $750 b. $8,550 c. $7,050 d. $7,800
You just purchased an automobile for $19,450 and must decide how to pay for it. Your local bank has granted you a five-year loan. Annual payments on the loan will be made at the end of each year and the amount of the loan payments, which include principal and interest, is $5,000 per year. What is the interest rate that is being charged on the loan?
In the United States, Google is not required to remove results from its search engine if requested.
Answer the following statement true (T) or false (F)