2. What is the maturity value of a 120-day, 6 % note for $11,000?

A. $11,000 B. $11,200

C. $10,800 D. 10,780

3. What are the proceeds for a 30 day note discounted at 12%, principle of 90,000?

A. $100,800 B. $90,000

C. $79,200 D. $89,100

4. The method of accounting which writes off uncollectible accounts as they are incurred, on an as-needed basis is called the:

A. Aging of receivables B. Allowance method

C. Direct write-off method D. Trade receivables