On October 1,2018,Stripes Inc.lends $100,000 to another company and accepts a 24-month,6% note.What is the amount of interest revenue Stripes will report in its 2018 income statement?
A) $750.
B) $1,500.
C) $4,500.
Correct Answer:
Verified
Q149: Hughes Aircraft sold a four-passenger airplane for
Q150: Sandburg Veterinarian reports the following information
Q151: The formula for average collection period is:
A)365
Q152: On October 1,2018,Stripes Inc.lends $100,000 to another
Q153: The receivables turnover ratio indicates:
A)How efficient the
Q155: At the beginning of the year,Vici Ventures
Q156: Beverage International reports net credit sales for
Q157: An increase in a company's receivables turnover
Q158: On January 1,2018,Alice & Co.lends $5,000 to
Q159: On September 1,2018,Heartford Construction lends $50,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents