kau.3make table for final answer or i will give down vote Calculate the missing amount for each of the following notes receivable.Face ValueAnnual Interest RateFraction of the YearInterest$10,1006%4 months$21,0005%months$350$6926,0006 months$65010%6 months$610

Detailed explanation:Interest = (10100 x 6% ) x 4/12 = $ 202Interest per month = (21000 x 5%) / 12…

Answered: Calculate the missing amount for each…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate the missing amount for each of the following notes receivable.Face Value Annual Interest Rate Fraction of the Year Interest $11,000 6% 4 months (a) $30,000 5% (b) $1,500 $35,000 (c) 6 months $1,225 (d) 8% 6 months $ 700
Compute the maturity date and interest for the following notes.( use 360 days for calculation) Dates of notes Terms Principal Interest Rate a. April 17 45 days 48,000 3% b. August 11 2 months 72,000. 7% Maturity date. Interest a. ? $? b. ? $?
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Interest Note Principal Rate (%) Terms Interest Maturity Date June 10 $180,000 4% 60 days 24 a. b. July 14 $136,800 5% 90 days 24 April 27 $30,000 6% 75 days C. %24
Compute the maturity value as indicated for each of the following notes receivable. A. A $9,000, 6%, 3-month note dated July 20. Maturity value $____________. B. A $16,000, 9%, 150-day note dated August 5. Maturity value $____________.
Compute the maturity value as indicated for each of the following notes receivable. (Use 360 days for calculation.) 1. An $8,500, 8%, 3-month note dated April 20. Maturity value $ 2.A $28,500, 8%, 72-day note dated March 5. Maturity value $ 3.A $13,400, 6%, 30-day note dated September 10. Maturity value $ 4. A $6,400,7%, 6-month note dated November 15. Maturity value $
From the information given below, calculate the accrued interest for the following notes (round to two decimal places, if necessary). Assume 360 days in a year.:
Compute the maturity date and interest for the following notes. (Use 360 days for calculation.) (a) April 17 (b) August 11 (a) Dates of Notes (b) Maturity date Terms 45 days 2 months $ $ Principal Interest Rate $60,800 90,000 Interest 3% 7%
j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Debit Credit Dec. 31 Interest Receivable v 1,850 X Interest Revenue v 2,250 X
Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $49,185 13 % 30 days b. April 1 18,045 11 90 days C. June 22 12,325 8 45 days d. August 30 18,975 12 120 days e. October 16 11,660 9 50 days Interest Due at Due Date Maturity a. b. نف C. d. e.
What is the amount of total interest earned on a note receivable based on the following information: Principal 25,000 Annual Interest Rate 4.00% Term (in days) 90
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date ofNote Principal InterestRate Term a. August 5 $6,000 8% 190 days b. May 10 16,800 7% 160 days c. October 20 24,000 9% 115 days d. July 06 4,500 10% 130 days e. September 15 9,000 8% 145 days Maturity Date Month Day Interest a. Answer Answer Answer b. Answer Answer Answer c. Answer Answer Answer d. Answer Answer Answer e. Answer Answer Answer PreviousSave AnswersFinish attempt ...
Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $73,400 11 % 30 days b. April 1 17,375 13 90 days c. June 22 31,500 12 45 days d. August 30 23,265 10 120 days e. October 16 12,530 12 50 days Due Date Interest Due at Maturity a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10

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Calculate the missing amount for each of the following notes receivable. Face Value Annual Interest Rate Fraction of the Year Interest $ 10,100 6% 4 months $ 21,000 5% months $ 350 $ 69 26,000 6 months $ 650 10% 6 months $ 610