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  3. 1. on january 31, 2020, company z borrows $85,000

1. On January 31, 2020, Company Z borrows $85,000 for two years at an...

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Accounting

1.

On January 31, 2020, Company Z borrows $85,000 for two years at an interest rate of 8%. Compute the simple interest at the end of the year (December 31, 2020).

$13,600

$12,466

$6,800

$6,233

2.

Which of the following is not an example of a cash equivalent?

Money market funds

Treasury bills

Money orders

All of the following are examples of cash equivalents

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