(Figure)Marathon Nuts converts a beneficial $130,100000 account payable on the a short-label note payable, with an annual interest away from 6%, and payable inside four months. How much cash attract often Marathon Walnuts are obligated to pay after five days?
- $2,600
- $eight,800
- $137,800
- $132,600
Issues
An initial-name cards payable has no a lot of time-term properties and that’s meant to be paid-in full within the company’s functioning several months (lower than annually). The modern portion of an effective noncurrent mention payable would depend of regarding a lengthy-title personal debt but is merely thought to be a recent accountability whenever area of the enough time-term notice payable is due.