Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 1, 2016, your company lent $45,000 to

On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one...

50.1K

Verified Solution

Question

Accounting

On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one year loan and bears interest at 2.5%. How much cash is collected related to this loan in 2017? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

What is the equation of the midline for the function f x f x cos...

Finance
1.2K views

The following information applies to the next 4 questions. A major chemical manufacturer has experienced a market reevaluation...

Advance Math
1.2K views

Suppose that Rhode Island has a population of 1,023,948 people with nineteen representatives. Suppose that North...

Physics
1.2K views

11 A in a moving vertical plane At a certain when instant the link is...

Geometry
1.2K views

10 12 cm X 4 3 cm 3 cm 11 5 mm 5 mm X...

Algebra
1.2K views

3 6 pts A hydraulic arm has the dimensions shown below Through what angle 8...

Accounting
1.2K views

please help me answer this! give correct answer with detail process...

Accounting
1.2K views

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash...

Accounting
1.2K views

In preparing a statement of cash flows, a conversation of bonds into common stock will...

Accounting
1.2K views

In its Year 3 income statement, Orr corp. reported depreciation of $400,000. Orr reported depreciation...

Accounting
1.2K views

Durante toda la vida til de un activo, qu mtodo de depreciacin registra la depreciacin...

Accounting
1.2K views

Which of the following transactions would require the use of the present value of an...