Question
On June 8, Williams Company issued an $71,039, 6%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of
On June 8, Williams Company issued an $71,039, 6%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar.
a. $4,262
b. $72,460
c. $75,301
d. $71,039
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
