subject
Business, 08.10.2021 08:50 ira51

On July 1,2021, Empire Incorporated lends $12,000 to customer and receives 9% note due in two years. Interest is due in full on July 1,2023, the day of the year of the note. What is the amount of interest revenue that will be reported on the Empires income statement for the year ended December 31, 2021?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 12:40
When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?
Answers: 3
question
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
question
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
question
Business, 22.06.2019 17:30
Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii
Answers: 2
You know the right answer?
On July 1,2021, Empire Incorporated lends $12,000 to customer and receives 9% note due in two years....
Questions
question
Mathematics, 09.03.2021 18:50
question
Mathematics, 09.03.2021 18:50
Questions on the website: 13722367