The interest on a $12,000, 8%, 90-day note receivable is: a) $240 b) $160 c) $720 d) $180

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 18P
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Need correct answer general Accounting

The interest on a $12,000, 8%, 90-day note
receivable is:
a) $240
b) $160
c) $720
d) $180
Transcribed Image Text:The interest on a $12,000, 8%, 90-day note receivable is: a) $240 b) $160 c) $720 d) $180
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