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 165 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?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes. Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes.
7 month history of gradual, painless swelling and redness of both eyes 7 month history of gradual, painless swelling and redness of both eyes
Note the thickening of the intestinal wall and the erosion of the inner lining of the ileum, often s Note the thickening of the intestinal wall and the erosion of the inner lining of the ileum, often s
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Summary of SOAP Note Content Cont. Summary of SOAP Note Content Cont.
The Location and Number of Farms in the United States, 2012 The Location and Number of Farms in the United States, 2012
Video: Monohybrid crosses

For a complete list of videos, visit our video library