A $10,000 note that has a stated interest rate of 10% and is due in six months would have interest of $1,000.
Answer the following statement true (T) or false (F)
False
Interest = face value ($10,000) × annual interest rate (10%) × fraction of year (6/12) = $500.
Business
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Which of the following assets is reported at net realizable value on the balance sheet?
A) Short-term investments B) Merchandise inventory C) Accounts receivable D) Prepaid insurance
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First movers face:
A. high entry barriers. B. demand uncertainty. C. cost disadvantages. D. market rigidities.
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Table styles are located on the Design tab of ____________________
Fill in the blank(s) with correct word
Business
General partnerships must have a written partnership agreement
Indicate whether the statement is true or false
Business