On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 120-day note with a face amount of $58,800. Assume a 360-day year. Required:
a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%.
b. Determine the proceeds of the note, assuming the note is discounted at 7%.

What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit