Der 30", 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the company on the maturity date assuming 360 days in a year. OMR 101.388 OMR 97.22 OMR 98.61 OMR 100
Der 30", 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the company on the maturity date assuming 360 days in a year. OMR 101.388 OMR 97.22 OMR 98.61 OMR 100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The company issued a note receivable on September 30th, 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of
the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the
company on the maturity date assuming 360 days in a year.
OMR 101.388
OMR 97.22
OMR 98.61
OMR 100
Calculate the amount of cash and cash equivalents if bank balance is OMR 50, Post-dated cheques are OMR 35, Cash in hand is
OMR 75, Advance granted to employees is OMR 85, stationery on hand is OMR 36:
ull lis is!
TOSHIBA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c8e37c9-7939-479d-a908-9a7ec5873b70%2Fc96ea7d2-bdfc-4424-aa2c-bb51ece04dc6%2F0kad379_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The company issued a note receivable on September 30th, 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of
the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the
company on the maturity date assuming 360 days in a year.
OMR 101.388
OMR 97.22
OMR 98.61
OMR 100
Calculate the amount of cash and cash equivalents if bank balance is OMR 50, Post-dated cheques are OMR 35, Cash in hand is
OMR 75, Advance granted to employees is OMR 85, stationery on hand is OMR 36:
ull lis is!
TOSHIBA
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