A 90-day non-interest-bearing note for $3300 is dated August 1. What would be a fair selling price

Question:

A 90-day non-interest-bearing note for $3300 is dated August 1. What would be a fair selling price of the note on September 1 if money can earn 7.75%?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:17 AM

See More Questions

Prepare general journal entries on the books of both Mirror Co. and the other party (either Rosman Co., Kaw County Bank, or Lawrence Bank) for each of the following transactions: June 1 Rosman Co....
Find the present value of a 180-day non-interest-bearing note for $7200 issued February 20, 2016, if money is worth 5.64%, on June 1, 2016.
Find the present value of a 180-day non-interest-bearing note for $7200 issued February 20, 2020, if money is worth 5.64%, on June 1, 2020.
On the basis of the given scenario create a file Expenses.txt, Open the file and copy it into another Expenses2.txt, Also show output on screen A college has announced a total budget of 50,000Rs.for...
Select the best answer for each of the following. 1. Which of the following is nota consideration in segment reporting for diversified companies? (a) Consolidation policy. (b) Defining the segments....
Any monotone functional on is both quasiconvex and quasiconcave.
In this exercise, you create an application that can be used to calculate the cost of installing a fence around a rectangular area. Create a Windows Forms application. Use the following names for the...
Kobayashi Corporation reports in the current liability section of its statement of financial position at December 31, 2012 (its year-end), short-term obligations of $15,000,000, which includes the...
Swaps [LO3] Explain why a swap is effectively a series of forward contracts. Sup- pose a firm enters into a swap agreement with a swap dealer. Describe the nature of the default risk faced by both...
Why is the timing of the Services Acquisition process so critical for effective, affordable services acquisition, and what is the impact of the necessary actions being delayed, deferred, or omitted?...
Calculate the maturity value of a $1000 face value, five-month note dated December 31, 2011, and bearing interest at 9.5%.
A six-month non-interest-bearing note issued on September 30, 2010 for $3300 was discounted at 11.25% on December 1. What were the proceeds of the note?
In 2019, the City of Omaha donates land worth $500,000 to Ace Corporation to induce it to locate in Omaha and create an estimated 2,000 jobs for its citizens. a. How much income, if any, must Ace...
2vx Voy Ax g 2vo cos 0 sin 0 g vo sin(20) g
PORTAGE COLLEGE Diversity Awareness Course Score | Home | Help | Exit Module 2 Post-Test Module 1 Module 2 Module 3 Module 2 Post-Test Betsy really likes working at Thompson Trucking. She likes how...
Suppose f(x) = 5x cos x. Find the equation of the tangent line to f(x) at the point (, -5). y = x+
First, for this case study, define the ethical dilemma facing "John". Second, isn't the collectability of an account ultimately based on opinion? If so , how does that play in the ethical dilemma...
Does the game have a dominant-strategy equilibrium? If so, what is it and why is it that? If not, why not?
Darazi Company has prepared the following cost-volume-profit graph: Requirements For the items listed below, enter to the left of the item, the letter in the graph which best corresponds to the item....
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
Suppose H. J. Heinz Company issued 1,000 shares of its 3.65 -percent, $\$ 100$-par preferred stock for $\$ 120$. How much would this transaction increase the company's paidin capital? How much...
Compute the amount of money that, deposited in an account on April 1, 2017, will grow to $657.58 by September 10, 2017, at 4.75% p.a.
The annual Deerfield Golf Club membership fees of $1750 are due on March 1, 2018. Club management offers a reduction of membership fees of 18.9% p.a. to members who pay the dues by September 1, 2017....
On March 15, 2020, Ben bought a government-guaranteed short-term investment maturing on September 12, 2020. How much did Ben pay for the investment if he will receive $10 000 on September 12, 2020,...
A family has a $117,443, 25-year mortgage at 5.4% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage...
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
What is the NPV of a project that costs $34,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital...

A 90-day non-interest-bearing note for $3300 is dated August 1. What would be a fair selling price

Question:

Step by Step Answer:

Time from sale date ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions