FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Reply in 15 minutes An eight-year, $22139 noninterest-bearing promissory note is discounted 6% compounded quarterly and sold to a finance company three years and

Please Reply in 15 minutes
image text in transcribed
An eight-year, $22139 noninterest-bearing promissory note is discounted 6% compounded quarterly and sold to a finance company three years and nine months after issue. What are the proceeds of the sale? Select one: a 16076,70 OD 1777450 Oc 18381 81 Od 17188 39 Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

College Accounting, Chapters 1-15

College Accounting, Chapters 1-15

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285639723, 9781285639727

More Books

Students also viewed these Accounting questions

Question

★★★★★
Let H be a hyperplane in a linear space X. Then H is parallel to unique subspace V such that 1. x0 V H = V 2. V X 3. X = lin{V, x1} for every x1 V 4. for every x X and x1 V, there exists a...

Answered: 1 week ago

Question

★★★★★
Explain the "moral hazard" problem as it relates to deposit insurance.

Answered: 1 week ago

Question

★★★★★
How do people develop skills?

Answered: 1 week ago

Question

★★★★★
You will need the working papers that accompany this textbook in order to work this mini practice set. Bluma Co. uses a perpetual inventory system and both an accounts receivable and an accounts...

Answered: 1 week ago

Question

★★★★★
Han Products manufactures 20,000 units of part 5-6 each year for use on its production line. At this level of activity, the cost per unit for part 5-6 IS Direct materials Direct labor Variable...

Answered: 1 week ago

Question

★★★★★
The December 31, 2015, balance sheet of the GAB LLP reads as follows: Capital is not a material income-producing factor for the LLP. Gina is an active (general) partner and owner of a 25% interest in...

Answered: 1 week ago

Question

★★★★★
Provide a discussion of the factors that will influence how the new policy of Canada ( "The purpose of this Customs Notice is to advise that the entitlement to the Most-Favoured-Nation (MFN) Tariff...

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 85,000 Daks each year at a selling price of $64 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★
create a banking program with html and javascript must have javascript and html in the code must have javascript and html in the code Your supervisor has asked you to create a simple bank...

Answered: 1 week ago

Question

★★★★★
please help Continuing Payroll Project: Prevosti Farms and Sugarhouse - EERF (Algo) Prevosu Farms and Sugarhouse pays. Its employees according to their job classification. The following employees...

Answered: 1 week ago

Question

★★★★★
The following independent situations require professional judgment for determining when to recognize revenue from the transactions. Identify when revenue should be recognized in each of the...

Answered: 1 week ago

Question

★★★★★
=+Select a client, or advertise your advertising services, or your new company's website. Some students and creative talents are developing websites, writing copy, shooting videos, and so on. Create...

Answered: 1 week ago

Question

★★★★★
=+Part 3 Write copy for one page. You could choose the home page, or about the company, or case study, or whatever page you want. Be sure to include headlines and subheads for each page.

Answered: 1 week ago

Question

★★★★★
=+AdWord users, and for seasoned pros: http://www.google.com/adwords/smallbusinesscenter/write-great-ads.html.

Answered: 1 week ago

Previous Question Next Question