Calculate the balance due on the maturity date of the following loan. Use the U.S. Rule.
Principal
Rate
Time
Partial Payment
Balance Due
$9,000
6%
90 days
$1,500 on day 30
What will be an ideal response?
$7,620.45
You might also like to view...
A ________ consists of the actions a person is expected to perform in a group
A) motive B) role C) lifestyle D) life stage E) tradition
During inflationary periods, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method
Indicate whether the statement is true or false
____ are procedures or processes that cause work to be accomplished
A) Unit-level costs B) Overhead costs C) Activities D) Batch-level costs
Recently a competitor entered Oliver’s market. Rather than view the new rival as a threat, Oliver and his core team see it as an opportunity. They sit down to reinforce the mission of the company, prioritize how to respond to the competition, and make sure everyone at the company knows how to contribute to the goals designed for success. Oliver’s reaction to the competitor can be designated as
a. External adaptation b. Internal integration c. Environmental diversification d. Macro diversification