subject
Business, 24.02.2020 19:32 myalee1419

On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $240,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 6% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest payable $ 4,100 Notes payable, 6%, due September 1, 2019 $ 205,000 How much must Able pay Regal Corporation on September 1, 2019, when the note matures

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:50
Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
Answers: 3
question
Business, 22.06.2019 21:40
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
question
Business, 22.06.2019 22:40
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
question
Business, 22.06.2019 23:50
Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?
Answers: 3
You know the right answer?
On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $240,000 ca...
Questions
question
Social Studies, 10.10.2019 18:50
question
Social Studies, 10.10.2019 18:50
question
Mathematics, 10.10.2019 18:50
Questions on the website: 13722367