What bonds payable amount will claire report

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Reference no: EM131976786

1. What bonds payable amount will Claire report on this year's December 31 balance sheet? (Round your final answers to nearest whole dollar amount.)

2. Mary Ott is going to borrow $10,300 for 60 days and pay $231 interest.

What is the effective rate of interest if the loan is discounted? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

3. A pawnshop will lend $3,000 for 45 days at a cost of $30 interest.

What is the effective rate of interest? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM131976786

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