On July 1, B &J Salon Co. issues a 60-day note with a face amount of...
Proceeds from Notes Payable On September 1, Nova Salon Company issued a 60-day note with a face amount of $38,400 to Motlocks Hair Products Company for merchandise inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10% b. Determine the proceeds of the note, assuming the note is discounted at 10%
Proceeds from Notes Payable On September 1, Bella Salon Company issued a 120-day note with a face amount of $67,200 to Hamlet Hair Products Company for merchandise inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. b. Determine the proceeds of the note, assuming the note is discounted at 8%
Proceeds from notes payable On September 1, elegant Salon company issued a 90-day note with a face amount of $78,000 to Hamlet Hair Products Company for merchandise inventory. Assume a 360 day year. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. $______________ Determine the proceeds of the note, assuming the note is discounted at 9%. $_________________
On August 1, Batson Company issued a 60 day note with a face amount of $55,200 to Jergens Company for merchandise inventory. (Assume a 360-day yea used for interest calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 12 b. Determine the proceeds of the note assuming the note is discounted at 12 Previous Next > Email mestructor Save and e 9 A OAM June 1, Davis Inc. issued an 4.200,10%, 120-day not...
On May 15, Maynard Co, borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $88,800. Assume a 360-day Required: a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. 63,600 X b. Determine the proceeds of the note, assuming the note is discounted at 7%. 63,229 X
Proceeds from Notes Payable On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $50,400. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 7% b. Determine the proceeds of the note, assuming the note is discounted at 7%.
On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 90-day note with a face amount of $73,200. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. $ b. Determine the proceeds of the note, assuming the note is discounted at 9%. $
ice 11... i need 1a, 2a, 3a solved PE 10-1A On October 12, Belleville Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $70,000, a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Proceeds from notes payable OBJ. 1 EE 10-1 p.457 HOW PE 10.1 B On January 26, Nyree Co. borrowed...
1 Need this done asap. Thanks in advance! Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $46,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. b. Determine the proceeds of the note, assuming the note is discounted at 8%.
eBook Show Me How Calculator Print Item Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. b. Determine the proceeds of the note, assuming the note is discounted at 10%.