Mobilee Oil Company accepted a $10,000, 120-day note dated March 3 at 8½% to settle a past-due account receivable. Mobilee Oil discounted the note to raise cash on May 10, at a discounted rate of 9%. What proceeds did Mobilee Oil receive? Use ordinary interest.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mobilee Oil Company accepted a $10,000, 120-day note dated March 3 at 8½% to settle a past-due account receivable. Mobilee Oil discounted ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Player ll D EF A 10,3 2,-2 10,-1 Player B 3-3 4,3 7-2 C 2,5 3,06,1 In the strategic form game above, the set of rationalizable strategies for players 1 and 2 are respectively: 0 a. {A, B, C) and {D, E, F) b (A, B) and (D, E). c. {A, D) and {B, E). d.
No Answers
What is the name given to the macroeconomic equation MV = PQ? A. basic velocity of money equation B. basic quantity equation of output C. basic quantity equation of money D. basic velocity of price equation
Answers (1)
Assuming a 360-day year, when a $20,000, 90-day, 5% interest-bearing note payable matures, total payment will be a. $20,250 b. $1,000 c. $21,000 d. $250
No Answers
Why is it important to use real rather than nominal gdp figures when making comparisons of output across time periods?
Answers (1)
Which type of business ownership represents a hybrid between a partnership and corporation by allowing up to 100 shareholders without double taxation? 1) limited liability company 2) limited liability partnership 3) s-corporation 4) franchise
Answers (1)
New Questions in Business
Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000.
Answers (1)
The last 50 years of declining productivity of the commercial fish populations off the northeast coast of north america reveal the impact of
Answers (1)
Which of these is NOT one of the items that can provide useful assistance to a project team to define the activities of a project? a. the major milestones from the Project Charter b. schedules from similar, previous projects c. issue logs d.
Answers (1)
The purpose of the post-closing trial balance is to Group of answer choices prove the equality of the temporary account balances that are carried forward into the next accounting period.
Answers (1)
Using the cut-and-try method for aggregate operations planning, we can calculate the ending inventory and then calculate the safety stock as a percent of forecast demand.
Answers (1)