On March 1, 2018, Mandy Services issued a 5% long term notes payable for $18,000. It is payable over a 3 year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $6,000 and interest payment for the preceding one year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? A. 6450B. 18000C. 6000D. 6900
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On March 1, 2018, Mandy Services issued a 5% long term notes payable for $18,000. It is payable over a 3 year term in $6,000 principal ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Parwin Corporation plans to sell 42,000 units during August. If the company has 17,500 units on hand at the start of the month, and plans to have 18,500 units on hand at the end of the month, how many units must be produced during the month?
Answers (1)
The sale of government bonds by the federal reserve banks to commercial banks will
Answers (1)
Requirements: Develop a ten-year sales projection assuming the growth as below: a. 1% for 2nd year b. 3% for 3rd to 5th year c.
Answers (1)
A primary reason cited by wysocki why doubling the number of people to a task does not reduce the overall duration of the project by half is:
Answers (1)
The peer review process can create conflicts of interest because the choice of who reviews a potentially publishable project may show: their connections to the journal may yield some concern they are not informed of the area of work there may be
Answers (1)
New Questions in Business
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000.
Answers (1)
Suppose you have a choice of working full-time during the summer or attending summer school full-time. Summer tuition and books are $3,000. If you worked, you could make $5,000. Your rent is $1,000 for summer, regardless of your choice.
Answers (1)
Which phrase defines complementary goods
Answers (1)
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)