- Uskuwing question(s). Jackson Automotive Inc. of California agrees to sell specialized automotive parts to Hidatsi of Korea. Because the two companies have never done business with each other, Jackson requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Jackson Inc, chooses to discount or sell the bankers acceptance to its bank, the discount rate is 1.00% per annum. 5) Refer to Instruction 15.1. What is the total Jackson Automotive can expect to receive if the firm takes payment today? A) $993,000 B) $995,000 C) $988,000 D) $996,000