Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal and interest are payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel, Inc. should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
a. $8,000.b. $30,000.c. $5,000.d. $25,000.
Answers: 1
Another question on Business
Business, 21.06.2019 20:30
What does the phrase limited liability mean in a corporate context?
Answers: 2
Business, 21.06.2019 20:30
Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses.distinctive competencies.organizational strengths.complementary resources and capabilities.
Answers: 1
Business, 22.06.2019 02:30
The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
Answers: 1
Business, 22.06.2019 11:00
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
You know the right answer?
Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing...
Questions
Mathematics, 06.08.2021 22:50
Advanced Placement (AP), 06.08.2021 22:50
Computers and Technology, 06.08.2021 22:50
Mathematics, 06.08.2021 22:50
Physics, 06.08.2021 22:50
Mathematics, 06.08.2021 22:50
Mathematics, 06.08.2021 22:50
Geography, 06.08.2021 22:50
