Business, 16.11.2019 01:31 jawontestephens

Frankenstein enterprises received two notes from customers for sales that frankenstein made in 2021. the notes included:

note a: dated 5/31/2021, principal of $128,000 and interest due 3/31/2022.

note b: dated 7/1/2021, principal of $215,000 and interest at 9% annually, due on 4/1/2022.

frankenstein had accrued a total of $15,600 interest receivable from these notes in its 12/31/2021 balance sheet.

the annual interest rate on note a is closest to:

a) 8.54%

b) 7.94%

c) 9.00%

d) 8.24%

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:40, bennett2968

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?

Answers: 1

continue

Business, 22.06.2019 23:10, wereallmadhere111

Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?

Answers: 1

continue

Business, 23.06.2019 00:00, AaronMicrosoft15

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Answers: 3

continue

Business, 23.06.2019 02:30, chriscook1466

For the year ended december 31, 2019, davidson mart had sales of $ 550 comma 000 and cost of goods sold of $ 412 comma 500. davidson estimates that approximately 2% of the merchandise sold will be returned. the adjusting journal entry on december 31, 2019, would include a

Answers: 3

continue

You know the right answer?

Frankenstein enterprises received two notes from customers for sales that frankenstein made in 2021....