Assuming a 360-day year, proceeds of $46,891 were received from discounting a $47,848, 90-day note at a

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Assuming a 360-day year, proceeds of $46,891 were received from discounting a $47,848, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was

a.8%

b.6%

c.10%

d.9%

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Accounting What The Numbers Mean

ISBN: 9781264126743

13th Edition

Authors: David Marshall

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Posted Date: Jun 30, 2022 03:44 AM

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Assuming a 360-day year, proceeds of $46,891 were received from discounting a $47,848, 90-day note at a

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Accounting What The Numbers Mean

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