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  3. the operating cycle of the business is less than o

The operating cycle of the business is less than one y products since 1994....

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Accounting

The operating cycle of the business is less than one y
products since 1994. The operating cycle of the business is less than one
Ayayai has $3.5 million of bonds payable outstanding at February 29,2023, which were issued at par in 2012 and are due if 2032. The bonds carry an interest rate of 7%, payable semi-annually each June 1 and December 1.
Ayayai has several notes payable outstanding with its primary banking institution at February 29,2023. In each case, the annual interest is due on the anniversary date of the note each year (same as the due dates listed). The notes are as follows:
\table[[Due Date,Amount Due,\table[[Interest],[Rate]]],[Apr.1,2023,$156,000,7%
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