A 100-day simple discount promissory note for $19,400 with a simple discount of 11% was signed on January 28. It was discounted on March 5 at 8%. Find the proceeds at the time of the sale. * $14,129 $12,419 $19,124 Other:
A 100-day simple discount promissory note for $19,400 with a simple discount of 11% was signed on January 28. It was discounted on March 5 at 8%. Find the proceeds at the time of the sale. * $14,129 $12,419 $19,124 Other:
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 16Q: Jain Enterprises honors a short-term note payable. Principal on the note is $425,000, with an annual...
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. A 100-day simple discount promissory note for $19,400 with a simple discount of 11% was signed on January 28. It was discounted on March 5 at 8%. Find the proceeds at the time of the sale. *
$14,129
$12,419
$19,124
Other:
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