Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 8. a note is discounted at 6% in order to take adv

8. A note is discounted at 6% in order to take advantage of a cash...

70.2K

Verified Solution

Question

Accounting

image

8. A note is discounted at 6% in order to take advantage of a cash discount on an invoice listing merchandise of $4,020.41 plus freight of $40. The cash discount is 2/30, n/60.? a. What will the face value of the note be? b. How much will be saved by signing the note? Question 4 1 pts 10. A note is discounted at 12% in order to take advantage of a cash discount on an invoice listing merchandise for $5,093.75 and freight of $60. The cash discount shown on the invoice is 4/20, n/50. a. What is the face value of the note? b. How much is saved by borrowing

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Design a square concrete column footing to support a 500-mm x 500-mm reinforced concrete column. The...

Civil Engineering
Q

discussion and conclusion for the thermal conductivity of solids Lab for the thermodynamics course

Mechanical Engineering
Q

Ensuring appropriate communication in teams is essential. The dynamics of a global economy has increased the...

General Management
Q

Simplify the exponential expression 50x 10x 5 50x Simplify your answer Type exponential notation with...

Calculus
Q

A town has a population of 2000 and grows at 2 5 every year To...

Calculus
Q

ign in Apex Leam DgmoookOndykxfmv dzsazoqh3ssivo viewform hr vainly com For st 14 Find the...

Algebra
Q

SOLVE 15.18 16.12 An asset that is book-depreciated over a 5-year pe riod by...

Accounting
Q

Using the stockholder-bondholder conflict, explain why stockholders get an excess return when they switch to...

Accounting
Q

The accounting records of Kin Corporation showed the following balances at the end of 2016:...

Accounting
Q

Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its...

Accounting
Q

For the just completed year, Hanna Company had net income of $87,000. Balances in the...

Accounting
Q

A trial balance before adjustment included the following: Debit Credit Accounts receivable 90,000 Allowance...

Accounting