BSA Company manufactures product A with the following unit cost: materials, P15 and labor P25. Total conversion
Fantastic news! We've Found the answer you've been seeking!
Question:
BSA Company received a 10%, P750,000 promissory note from Customer A. From the date of the note to discount date, the carrying amount is P761,458.33. From the discount date to maturity date, there are are 85 days and the net proceeds is P757,090.28 after discounting at 12%. What is the term (in days) of the note? Use 360 days.
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Posted Date: