subject
Business, 23.08.2021 22:20 rosepotato789

On September 1, Year 1, Cobb Co. issued a note payable to the National Bank in the amount of $900,000, bearing interest at 12%, and payable in three equal annual principal payments of $300,000. On this date, the bank's prime rate was 11%. The first payment for interest and principal was made on September 1, Year 2. At December 31, Year 2, Cobb should record accrued interest payable of A. $33,000.
B. $24,000.
C. $36,000.
D. $22,000.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 20:00, lusa0720
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
image
Business, 22.06.2019 22:30, jyworthy
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
image
Business, 23.06.2019 08:20, marialandingin7520
Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?
Answers: 3
image
Business, 23.06.2019 12:30, kkmwkk031
Which of the following is true of the strategy of planned and unplanned change in global marketing? a) cultural congruence involves deliberately changing certain aspects of culture to meet marketing goals. b) all marketing efforts require planned or unplanned change in order to be accepted. c) planned change involves marketing products similar to the ones already on the market. d) the first step in bringing about planned change in a society is to remove obstacles for acceptance of a product. e) social planners gained the acceptance of protein-rich diets among the peoples of underdeveloped societies using the strategy of planned change.
Answers: 2
You know the right answer?
On September 1, Year 1, Cobb Co. issued a note payable to the National Bank in the amount of $900,00...

Questions in other subjects:

Konu
History, 15.09.2021 06:00