Question: assignment 2 (NR) BTS Publishing received a P70,000 promissory note at 12% 60 days from one of its customers. After 20 days, BTS discounted the

assignment 2 (NR)

BTS Publishing received a P70,000 promissory note at 12% 60 days from one of its customers. After 20 days, BTS discounted the note at the BP Commerce at a discount rate of 14.5%. The note was made on March 21.

Provide the needed information and show computations.

What is the maturity value of the note? (5 points)

What bank discount of discounting of the note? (5 points)

What is the proceeds will BTS received after the discounting of note? (5 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

I need help with how to do a DCF analysis for this Spotify case. Please can you show the explanation of the steps Thank you A. Using the information provided, what should SPs shares be trading at on...

I need help with this assignment. Accounting chapter 9,10,11 CHAPTER 9 - ASSIGNMENT 1: Student Name Calculating the Amount of Bad Debts Expense Kimberly Thomas 1. INSTRUCTIONS: Calculate the amount...

JETRO CORPORATION Unadjusted Trial Balance As Of December 31, 2019 DEBIT CREDIT P 380,000.00 2,000,000.00 1,260,000.00 239,200.00 150,000.00 140,000.00 2,490,000.00 357,000.00 440,000.00 920,000.00...

I would like assist for my assessment. The subject is Subsidiary Accounts and Ledgers and Foundation Skills. T-1.8.1 Details of Assessment Term and Year 1, 2017 Time allowed Week 2-7 Assessment No 1...

I need help with this budget assignment, I have attached the instructions BUSI 523 BUDGET PROPOSAL INSTRUCTIONS Instructions: Complete each part of the following Case Study. You will need to use...

please help me. I can pay only 70 dollars in this assignment Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning Objectives Describe what...

Healthcare Budget Project. Please see attached instructions BUSI 523 BUDGET PROJECT GRADING RUBRIC Criteria Part 1: Financial Statement Analysis Part 1: Financial Statement Analysis Part 2: Budget...

please help me in 70 dollars to do this assignment iin APA style referencing Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning...

Read the case below - Tech Talk: creating a social media strategy What are the different ways Tech Talk can generate traffic? Mention 3 channels that can generate traffic for Tech Talk. Do you...

Show how loss of a proton can be represented using each of the three resonance structures for the arenium ion and show how each representation leads to the formation of a benzene ring with three...

You need a strategy for your strategy. Martin Reeves, Senior Partner, Boston Consulting Group and Director, BCG Henderson. One key idea in our first chapter on strategy is systems thinking. One of...

A partner cannot own property outside the partnership unless the other partners consent. True of False

eTextbook and Media List of Accounts Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles are...