Business

Enrique Shah

9 December, 23:49

Montana Furniture Mart sold $120,000 of furniture on June 30 and accepted the customer's $120,000 10% 1-year note payable in exchange. Montana Furniture Mart would record ___ for interest on December 31 assuming that 10% approximates the market rate of return

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Montana Furniture Mart sold $120,000 of furniture on June 30 and accepted the customer's $120,000 10% 1-year note payable in exchange. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

You plan to save for a trip by putting $50 into an account monthly. The account has an annual interest rate of 5% compounded monthly. How much will be in account in 5 years?

Who is responsible for directing the Association's board to prepare, adopt and file rates that are based on past and prospective loss experience of the risks underwritten by the Association?

You are a project manager for a software manufacturing firm. The project you just finished created a new software product that is expected to become a number-one seller. All prerelease of software is handled through the marketing department.

Although e-mail has replaced paper memos for many messages inside organizations and for some letters to external audiences, hard-copy messages tend to carry more weight and are taken more seriously. True or False

What is a common association detection analysis technique where you analyze certain items to detect customers' buying behavior and predict future behavior?

New Questions in Business

The market supply curve indicates the rev: 05_10_2018 Multiple Choice maximum prices that buyers are willing and able to pay for the product. total amount that buyers will pay in buying a given quantity of the product.

Developing an audit finding involves comparing the condition to the relevant standard or criterion. Which of the following choices best represents an appropriate standard or criterion to support a finding?

The store where you bought new home furnishings offers you two alternative payment plans. The first plan requires a $4,000 immediate up-front payment. The second plan requires you to make monthly payments of $137.

A stock quote indicates a stock price of $60 and a dividend yield of 3%. The latest quarterly dividend received by stock investors must have been _ per share. a. $1.80 b. $0.45 c. $0.55 d. $1.25

Employees earn $5,000 per day, work five days per week, monday through friday, and get paid every friday.