User Account

All Pages

What is the total interest realized on the note

Assignment Help Financial Accounting
Reference no: EM132983178

Question - Azini Inc sold a customer a $3,000 service on September 1, 2015. On that date, the customer signed a 4% 3-month note. What is the total interest realized on the note?

a. $120

b. $30

c. $150

d. $60

Reference no: EM132983178

Questions Cloud

Annual contract with morneau insurance company : Maria has an annual contract with Morneau Insurance Company to provide property maintenance services; this includes lawn care, snow removal and parking lot main
Construct a contribution margin income statement : Construct a contribution margin income statement for the first month (in July) that reflects $2,400,000 in sales revenue for Micol & Co. Ltd
How much should the active manager outperform the index : How much should the active manager outperform the index to cover the extra costs in the form of fees and transaction costs on the annual turnover?
Privacy act requirements : Mention two different ways to keep these records according to the company policies and following the Privacy Act requirements.
What is the total interest realized on the note : Azini Inc sold a customer a $3,000 service on September 1, 2015. On that date, the customer signed a 4% 3-month note. What is the total interest realized
Policy to address an emerging tourism issue : Prepare a discussion paper proposing the preparation of a new tourism plan or policy to address an emerging tourism issue
Which of the reporting standards is most relevant : In your selection of an appropriate accounting policy for the recognition and measurement of the machine, which of the reporting standards is most relevant?
Adkar model for change and kurt levin : Critically analyze the factors driving change in a luxury resort. Develop a change management implementation plan with relevant details on addressing the Foreca
Case study-marriott-international-company : 1. Executive Summary: A summary of the entire report in not more than one page of A4 paper. Marriott-international-company.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the one year forward premium discount of the cad

What is the one year forward premium discount of the CAD? Suppose you observe the one-year interest rates in the US and Canada are 5% and 13%, respectively.

  What was the net book value of the plant and machinery

Useful life of 8 years, after which it may be disposed of for N$100,000. What was the net book value of the plant and machinery at 31 December 2009?

  Purpose a flexible budget based upon the production

Purpose a flexible budget based upon the production of 3800 cases. Remember to calculate the material spending budget based on purchases not production.

  Describe the role not-for-profit hospitals play in diffusion

Use the quality maximization model to describe the role not-for-profit hospitals play in the diffusion of new medical technologies. Illustrate your answer

  Transactions related to the common stock of lifepath fitness

Record all the transactions related to the common stock of lifepath fitness during the years 2016 and 2017 (2) indicate how many shares are issued

  Data from its activity-based costing system

Dobles Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cost Expected Activity Assembly $978,200 67,000 machine-hours Processing orders $94,905 1,900 orders Inspection $134,292 1,860 in..

  Determine the direct materials price and efficiency variance

Determine the direct materials price and efficiency variances for Shirt Company. Evaluate the direct labor price and efficiency variances for Shirt Company.

  What russell company net income would be

Interest accrued on a note payable to bank, $3,640. After adjusting entries are made for the items listed above, Russell Company's net income would be

  Provide the entry to record the first interest payment

The working capital ratio for the company at the end of year one was 1.5 and the current assets, $156,750. Therefore, the current liabilities amounted to

  Calculate the return investor would have earned from holding

Calculate the return an investor would have earned from holding a ladder30 each year from December 1985 to December 2019.

  The effect of paying off of accounts payable

Alpha Company had current assets of $120, and current liabilities of $100. This gives them working capital of $20, and a current ratio of 1.2. What will be the effect of paying off $30 of accounts payable?

  How much daisy must contribute to the new partnership

Daisy is to invest sufficient cash to obtain 2/5 interest in the partnership. How much Daisy must contribute to the new partnership?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd