Question and answer
How much interest will accrue on a $20,000 face value, 60-day note that bears interest at 9 percent a year?
$300 Interest for the whole year is $1800 (20,000 x 9%) so interest per month is $150 (1800/12). 60 days note, you earn 2 months interest ($150 x 2) $300
Ask a question
Not a good answer? Get an answer now. (Free)
Original conversation
User: How much interest will accrue on a $20,000 face value, 60-day note that bears interest at 9 percent a year?

Weegy: $300 Interest for the whole year is $1800 (20,000 x 9%) so interest per month is $150 (1800/12). 60 days note, you earn 2 months interest ($150 x 2) $300
Butterflybaby|Points 527|

User: On March 1, a firm purchased equipment for $5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for

User: On March 1, a firm purchased equipment for $5,000, signing a 30-day note bearing interest at 12 percent a year. The entry to record the payment of the amount due on March 31 will include a debit to Notes Payable for what?





Weegy: Sorry this question is really tough, You need some expert to answer your question.
Expert answered|conception|Points 10|

Question
Asked 8/4/2012 12:30:32 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
An existing balance in Allowance for Doubtful Accounts is not considered when the estimate of loss is based on
Weegy: please verify below links (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 7/28/2012 5:25:58 PM
0 Answers/Comments
A firm using the allowance method to provide for losses from uncollectible accounts collected the cash due from a customer whose account was previously written off. The entry to reinstate the customer's account included a credit to
Weegy: The answer is $3,000. User: On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An aging analysis of the accounts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for Weegy: Please visit [ target=_blank ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 7/28/2012 5:32:21 PM
0 Answers/Comments
Coca-Cola is sold worldwide. In some countries, Coca-Cola owns the bottling facilities; in others, it has signed contracts with the licensees or it relies on joint ventures. • When selecting a licensee in each country, what factors should Coca-Cola consider?
Weegy: Added When selecting a licensee in each country what factors should Coca-Cola ... Asked When selecting a licensee in each country ... factors should Coca-Cola consider ... [ [ ] ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 7/30/2012 3:26:19 PM
0 Answers/Comments
60-day note dated April 1 was turned over to the bank for discounting on April 21. The number of days used in computing the dollar amount of the discount is
Weegy: The discount period is the time between the date of discounting and the due date of the note. The date of discounting is April 21, the due date is May 30. That's 40 (b) days. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 8/4/2012 12:23:21 PM
0 Answers/Comments
16,924,391 questions answered
Popular Conversations
Poetry is only intended to be taken literally.
7/22/2014 12:28:55 PM| 7 Answers
Evaluate x 0 + y 0 for x = 3 and y = 2. 0 1 2 5
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
7/22/2014 12:50:56 PM| 3 Answers
Unified Command:
Weegy: UNIFIED COMMAND enables all agencies with responsibility to manage an incident together by establishing a common ...
7/23/2014 4:00:02 PM| 3 Answers
Simplify (3x + 5) + (2x - 9) - (4x + 3). User: Simplify (3x + 5) + ...
Weegy: (3x + 5) + (2x - 9) - (4x + 3) = (5x - 4) - (4x + 3) = (5x - 4) + (-4x - 3) = x - 7 User: Simplify 3j - {2k ...
7/22/2014 10:03:49 AM| 2 Answers
How many terms are in the polynomial abcd + e - fg + h 2? ...
Weegy: A Term is either a single number or a variable, or numbers and variables multiplied together. So based on your ...
7/22/2014 12:42:37 PM| 2 Answers
Ad Hominem
Weegy: A) ad hominem arguments
7/22/2014 10:50:04 PM| 2 Answers
Which of the following equations has no solution? 3x + 1 = 2x + ...
Weegy: 4/5x - 3 3/4 = 2 1/2 4/5x = 2 1/2 + 3 3/4 4/5x = 5/2 + 15/4 4/5x = 10/4 + 15/4 4/5x = 25/4 x = (25/4) / ...
7/23/2014 11:29:01 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 1870 [Total 20870]| Ratings 1| Comments 1860| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 1754 [Total 16883]| Ratings 0| Comments 1754| Invitations 0|Online
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1526 [Total 14081]| Ratings 1| Comments 1516| Invitations 0|Online
S
L
1
Points 1372 [Total 3555]| Ratings 2| Comments 1352| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1094 [Total 7271]| Ratings 2| Comments 1074| Invitations 0|Online
S
1
L
Points 888 [Total 3024]| Ratings 4| Comments 848| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 829 [Total 10437]| Ratings 0| Comments 829| Invitations 0|Offline
S
1
L
Points 725 [Total 4401]| Ratings 2| Comments 705| Invitations 0|Offline
S
P
C
L
P
L
1
Points 700 [Total 5754]| Ratings 4| Comments 660| Invitations 0|Offline
S
Points 254 [Total 402]| Ratings 2| Comments 234| Invitations 0|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.