Mathematics, 30.05.2021 22:30 chim84
On August 1, Batson Company issued a 60-day note with a face amount of $85,200 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.)
a. Determine the proceeds of the note assuming the note carries an interest rate of 6%.
fill in the blank 1
b. Determine the proceeds of the note assuming the note is discounted at 6%.
fill in the blank 2
Answers: 3
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On August 1, Batson Company issued a 60-day note with a face amount of $85,200 to Jergens Company fo...
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