The maturity value of a $60,000, 10%, 2- month note receivable is:
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Month note receivables?
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- A 120-day, 10% interest-bearing note receivable is sold to a bank with recourseafter being held for 60 days. The proceeds are calculated using an 8% interest rate. In this situation,what happened to the notes receivable?A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. Use 30 day months and 360 day years in calculations of interest. The maturity value of the note is:A nine months, 15% note for $9000 dated April 15 is reciebed for a customer. The maturity value of the note is what?
- What will be the total interest earned on a 6%, $2,000 note receivable that is due in nine months?Accounting for Current Liabilities A note payable is issued for a face value of $100,000. The interest is 8% and the note is for 12 months. What is the cash flow impact to the issuer at the maturity of the note payable?A 90-day note promises to pay 6,500 plus simple interest of 6 3/4%. It is discounted at 5 4/5% simple discount 20 days before maturity. Find the maturity value of the note and the proceeds of the sale.
- Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total payment will amount to:Assuming a 360-day year, when a $12,600, 90-day, 11% interest-bearing note payable matures, total payment will be Round your answer to the nearest whole dollar.Assuming a 360-day year, when a $16,098, 90-day, 8% interest-bearing note payable matures, total payment will be
