Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on november 1, 2013, quantum technology, a geother

On November 1, 2013, Quantum Technology, a geothermal energy supplier, borrowed $20 million cash to...

50.1K

Verified Solution

Question

Accounting

On November 1, 2013, Quantum Technology, a geothermal energy supplier, borrowed $20 million cash to fund a geological survey. The loan was made by Nevada BancCorp under a noncommitted short-term line of credit arrangement. Quantum issued a nine-month, 12% promissory note. Interest was payable at maturity. Quantum

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

Solve the linear inequality. Express the solution using interval notation.(4/3) - (1/2)x ? (7/6) +x

Algebra
Q

Explain the hematological implications of under experiment( why did they select the study, abstract,what is the...

Biology
Q

What is the acute phase response (APR)? What are the main cytokines and a few of...

Biology
Q

Why Cyanobacteria uses 'light and dark cycle' to prevent oxygen inhibition on nitrogen fixation? please explain it...

Biology
Q

A mixture of pulverized fuel ash and Portland cement to be used for grouting should have...

Basic Math
Q

Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the...

Accounting
Q

The structure indicated the above diagram is the Posterior horn O Anterior horn Dorsal root...

Biology
Q

It is found that the home team was victorious in 70 games out of a...

Statistics
Q

Using bank reconciliation to determine cash receipts stolen Alaska Impressions Co. records all cash receipts...

Accounting
Q

The master budget at Western Company last period called for sales of 225,800 units at...

Accounting
Q

Grid Iron Prep Inc. (GIPI) is a service business incorporated in January of the current...

Accounting
Q

A product has a contribution margin of $9 per unit and a selling price of...

Accounting