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 179 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?

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.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Young male Pacific Walruses on Cape Pierce in Alaska. Note the variation in the curvature and orient Young male Pacific Walruses on Cape Pierce in Alaska. Note the variation in the curvature and orient
Note the tumor visualized with the use of a colonoscope. Note the tumor visualized with the use of a colonoscope.
practice image - mink anatomy lab - head and neck practice image - mink anatomy lab - head and neck
Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s Young adults increase in self-esteem between the ages of 18 and 25, according to this longitudinal s
The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ... A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ...
Video: Glycolysis Animation

For a complete list of videos, visit our video library