Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company issues a 120 - day, 11% note for $20,000

A company issues a 120 - day, 11% note for $20,000. What is...

90.2K

Verified Solution

Question

Accounting

image

A company issues a 120 - day, 11% note for $20,000. What is the principal amount of the note? (Round your answer to the nearest dollar.) A. $19,267 B. $20,733 C. $20,000 D. $22,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) Find the velocity and position vectors of a particle that has the given acceleration and...

Basic Math
Q

What are some ways that parents can reduce parent-adolescent conflict? Consider such things as curfews, choice...

Psychology
Q

1:Find the convolution output volume size of layer 2 (W2xH2xD2) and 3 (W3xH3xD3) 2: Find the convolution...

Mechanical Engineering
Q

Define the probability density functions (PDF): Binomial, Uniform, and Normal distributions. Provide one example of each...

Advance Math
Q

The following table contains approximate figures for gross domestic product (GDP) and the national debt in...

Advance Math
Q

Question 4 . Using an example of private higher institution ,discuss the steps in the planning...

General Management
Q

This is one big question with different parts! I expect to need four turkeys to feed...

General Management
Q

What is the center and radius of the circle represented by the follow ing equation...

Basic Math
Q

The weights for 10 adults are 72, 78, 76, 86, 77, 77, 80, 77, 82,...

Algebra
Q

6 Graph f x x and g x x 4

Algebra
Q

Rent Expense Interest Expense Advertising Expense Income Tax Expense 13,250 3,515 875 \begin{tabular}{ll} $288,6331,750 &...

Accounting
Q

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ...

Accounting