Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the cost of discounting a $100,000 banke

Calculate the cost of discounting a $100,000 bankersacceptance it is due in 90 days and...

70.2K

Verified Solution

Question

Accounting

Calculate the cost of discounting a $100,000 bankersacceptance it is due in 90 days and is sold at $97.915 ignore bank fees
explain step wise

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

20 Describe I r0k the avatar character

Biology
Q

Who served as a cook on board a French vessel O Ho Chi Minh O...

Biology
Q

Which of the following words has a generally neutral connotation O Home O Puppy O...

Biology
Q

Data for price and thickness of soap is entered into a statistics software package and...

Statistics
Q

What formula would be used to calculate the left rectangle approximation of 2x 2 dx...

Calculus
Q

Solve the equation Use a calculator to obtain a decimal approximation correct to two decimal...

Algebra
Q

Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and...

Accounting
Q

Give an example of a situation in which the removal of-productions introduces previously nonexistent unit-productions.

Accounting
Q

Julio and Milania are owners of Falcons Corporation, an Scorporation. They each own 50 percent...

Accounting
Q

ignment NE: Pina Machine Company maintains a general ledger account for each class of inventory,...

Accounting
Q

Blossom Clark opened Blossoms Cleaning Service on July 1, 2022. During July, the following transactions...

Accounting
Q

Assume company A has a beginning balance of one. Using the perpetual inventory method. ...

Accounting