Question: please answer to question number 1 part (a) and part (b) Note: full question 1 answer required ( both parts). SHORT TERM FINANCING Question 1

please answer to question number 1 part (a) and part (b)

Note: full question 1 answer required ( both parts).

SHORT TERM FINANCING Question 1 Parta) What is the Annual Interest charge on retail discount on 8/10 net 40 Part b).. Discounting of receviables.; Example 400k NR, Interest 10% for 5 months, Discounted at 2%, What are the proceeds after discounting the Note Receviable. Do the Journal entries

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