Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 17, 2024

A non interest bearing note was sold to a bank 60 days before maturity at a discount rate of 15.5%. If the seller receives P126,847

A non interest bearing note was sold to a bank 60 days before maturity at a discount rate of 15.5%. If the seller receives P126,847 from the bank, what is he face value of the note?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Wall Street Mba

Authors: Reuben Advani

2nd Edition

007178831X, 9780071788311

More Books

Students also viewed these Accounting questions

Question

★★★★★

A drug that provides relief from headaches was tried on 18 randomly selected patients. The experiment showed that the mean time to get relief from headaches for these patients after taking this drug...

Answered: 1 week ago

Question

★★★★★

Define crowdsourcing and describe an example not already presented in the chapter. (AACSB: Communication; Reflective Thinking)

Answered: 1 week ago

Question

★★★★★

c. Are there any prerequisites for the course?

Answered: 1 week ago

Question

★★★★★

Listed below are several terms and phrases associated with earnings per share. Pair each item from List A with the item from List B (by letter) that is most appropriately associated withit. List A...

Answered: 1 week ago

Question

★★★★★

National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash...

Answered: 1 week ago

Question

★★★★★

GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated...

Answered: 1 week ago

Question

★★★★★

What is the difference between "Real Estate taxes on land paid for the current year" and "Accrued real estate taxes paid at time of purchase of real estate" Thanks!

Answered: 1 week ago

Question

★★★★★

Given the estimated regression equation E(Y) = 30 + 2(x1) - 3(x2) + 10(x1x2) where x1= age and x2-gender (0 is female, 1 otherwise) what is the estimated value of Y when x1= 30 and x2-female? 90 387...

Answered: 1 week ago

Question

★★★★★

Consider a call center for software support: - 3 representatives answer phones (each can handle all types of calls) - Calls arrive according to a Poisson process. On average, there are 20 calls per...

Answered: 1 week ago

Question

★★★★★

We've done 50% of the work on a $290K budgeted project. Our project has spent $180K so far. a. What is the EV? b.EAC c.ETC

Answered: 1 week ago

Question

★★★★★

What is Extreme Project Management (XPM) and how this approach different from traditional project management (TPM) approaches? How would you determine if this is right approach for your project? How...

Answered: 1 week ago

Question

★★★★★

3. Assume you are ready to close the sale on a premium suite for a corporation. Create a sales dialogue between you and the decision-maker that results in a successful sale using the following...

Answered: 1 week ago

Question

★★★★★

=+2. What importance do strategic alliances in the media industry have? Name examples of successful alliances!

Answered: 1 week ago

Question

★★★★★

=+2. What are the drivers and catalysts of cross-media? Name six different drivers!

Answered: 1 week ago

Question

★★★★★

=+Question 1 Discuss Googles initial situation by means of the SWOT analysis with regard to Googles current financial circumstances. What kind of problem statement can be deduced?

Answered: 1 week ago

Previous Question Next Question