Question Details

Notes payable usually require the borrower to pay interest


True or false:
1.		A £2,000,000, 7%, 6-month note payable requires an interest payment of £140,000 at maturity. 
	2.	Notes payable usually require the borrower to pay interest. 
	3.	A note payable must always be paid before an account payable. 
	4.	A $30,000, 8%, 9-month note payable requires an interest payment of $1,800 at maturity. 

	5.	With an interest-bearing note, the amount of cash received upon issuance of the note generally exceeds the note's face value. 



Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help