Homework Help is Here – Start Your Trial Now!
Business
Accounting
A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate the proceeds. A) $14,653.75 B) $14,000.00 C) $15,000.00 D) $14,895.25

A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate the proceeds. A) $14,653.75 B) $14,000.00 C) $15,000.00 D) $14,895.25

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
See similar textbooks
icon
Related questions
Question

Kindly help me with accounting questions

A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate the proceeds. A) $14,653.75 B) $14,000.00 C) $15,000.00 D) $14,895.25
Transcribed Image Text:A $15,000 note is signed for 90 days at a discount rate of 9.25%. Calculate the proceeds. A) $14,653.75 B) $14,000.00 C) $15,000.00 D) $14,895.25
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS