Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. global enterprises, inc. signed a oneminus year $

Global Enterprises, Inc. signed a oneminus year $ 46 comma 000 note payable at 8...

90.2K

Verified Solution

Question

Accounting

Global Enterprises, Inc. signed a

oneminus

year

$ 46 comma 000

note payable at

8

%

interest on April 1, 2018. If Global only adjusts its accounts once a year at

yearminus

end,

how much interest expense was accrued on December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)

A.

$ 3 comma 067

B.

$ 2 comma 760

C.

$ 920

D

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

A programming team is in the process of testing a new software module. As part of...

Statistics
Q

What are some cities, states, and counties that have reached carrying capacity ? - what made...

Biology
Q

Iterative implementation of a recursive algorithm executes faster than recursive implementation because no _____ needs to...

Programming
Q

write a verilog code to implement a digital system that has an odd counter that counts...

Electrical Engineering
Q

As a librarian, Saanvi's primary mission is tocheck out materials and maintain the integrity of...

Biology
Q

55 A given charge situated at a certain distance from a electric dipole in the...

Physics
Q

A monochromatic light of frequency v is incident on isolated metallic sphere of radius r...

Physics
Q

Determine the indices for TWO direction vectors C and D 8 Points SHOW YOUR WORK...

Geometry
Q

Determine the equation of the sinusoidal function in the form y = a sin(bx +c)+d....

Calculus
Q

For the year ended December 31, 2018, Carla Co. reported pretax financial income of $279,624....

Accounting
Q

Production planning/MRP scenario analysis 1. Exercises with the MRP spreadsheets i. Assume that the standard...

Accounting
Q

After unexpectedly hosting an event for an out-of-favour political candidate, Four Seasons Total Landscaping expects...

Finance