74) A 90-day note issued on April 10 matures on: A) July 9. B) July 10. C) July 11. D) July 12. E) July 13. 77) A company borrowed $10,000 by signing a 180-day promissory note at 9%. The maturity value of the note is: (Use 360 days a year.) A) $10,450 B) $10,900 C) $10,075 D) $11,800 E) $10,300 78) A finance company or bank that purchases and takes ownership of another company's accounts receivable is called a: A) Payer. B) Pledger C) Factor. D) Payee. E) Pledgee. 79) Factoring receivables is beneficial to a seller for all of the following reasons except: A) Allows firms to receive cash earlier. B) Passes ownership of the receivables to the factor. C) There are no fees for factoring. D) Seller avoids the cost of billing and accounting for receivables. E) May transfer the risk of bad debts to the factor