Question
Company D is a merchandiser of MLB Hats. One of their biggest customers calls Company D and expresses concerns over their ability to pay the
Company D is a merchandiser of MLB Hats. One of their biggest customers calls Company D and expresses concerns over their ability to pay the $10,000 owed to Company D. Company D agrees to covert the Receivable into a 90-day note with 8% interest. What is the total interest that the customer will pay to Company D at the end of the 90 days? Use a 360 day year calculation.
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Audit Of Assumptions For The 2009 Pre Budget Report Report By The Comptroller And Auditor General, Session 2009-2010 Hc 83
Authors: National Audit Office
1st Edition
0102963371, 978-0102963373
