This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On May 1, 2012, Mink, Inc. borrowed 10,000 by issuing a 12, 3-month note and another 10,000 by ... (Read 180 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jul 5, 2018
On May 1, 2012, Mink, Inc. borrowed 10,000 by issuing a 12, 3-month note and another 10,000 by issuing a 12, 6-month note. Interest expense for the month ended May 31, 2012 will be ________.
 
  A) greater on the 3-month note than the 6-month note
  B) greater on the 6-month note than the 3-month note
  C) 200 for both notes combined
  D) 0 for both notes because no interest was paid

Question 2

A check involves three parties. The person who orders the bank to pay a certain amount of money is called the
 a. drawer.
   b. drawee.
   c. payee.
   d. endorser.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

a


lbcchick

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 5, 2018
Thank you :)


bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa Approximately 1 pound (0.45 kg) of ground elk meat formed into patties; note the relatively small fa
The nurse needs to note the source of the patient health history The nurse needs to note the source of the patient health history
Typical secondary ignition pattern. Note the lack of firing lines on superimposed pattern. Typical secondary ignition pattern. Note the lack of firing lines on superimposed pattern.
Summary of SOAP Note Content Summary of SOAP Note Content
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library