On june 8 alton co issued an 80000 6 120-day note payable, Finance Basics

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On june 8 alton co issued an 80000 6 120-day note payable

On June 8, Alton Co. issued an $80,000, 6%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Co. ends June 30. Using the 360-day year in your calculations, what is the amount of interest revenue recognized by Seller in the following year?

A. $1,200.00
B. $1,208.89
C. $1,306.67
D. $1,600.00

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Finance Basics: On june 8 alton co issued an 80000 6 120-day note payable

Reference No:- TGS0604465

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Finance Basics: On june 8 alton co issued an 80000 6 120-day note payable

Reference No:- TGS0604465

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

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Finance Basics: On june 8 alton co issued an 80000 6 120-day note payable

Reference No:- TGS0604465

Recent Questions Asked Finance Basics

Q : A proportional control system id to be used to control the

Q : A gas filled balloon having a volume of 250l at 12atm and

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Q : If the stock sells for 39 per share what is your best

Q : On june 8 alton co issued an 80000 6 120-day note payable

Q : An arrow is placed 287 cm in front of a convex lens f150 cm

Q : A six pole 400 v dc motor draws 110 a from the supply the

Q : What is the maximum initial cost the company would be

Q : What volume of a 0500 m hcl solution is needed to

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