Determine the Interest on the Following Notes Payable

question 39

Essay

Determine the interest on the following notes payable:
a.$6,000 at 10 percent for 60 days
b.$600 at 16 percent for 4 months
c.$10,000 at 12 percent for 45 days
d.$900 at 14 percent for 30 days

---

Definitions:

Market Share

The percentage of an industry's sales that a specific company controls.

Great Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, which was officially observed in December 2007 – June 2009.

Strategic Farsightedness

The ability of individuals or organizations to anticipate and plan for future challenges and opportunities with long-term perspectives.

Strategy-making

The process of identifying and setting the organization's direction by specifying its strategy or direction and making decisions on allocating its resources.