Calculate the bank discount and proceeds for the following simple discount note. Use the ordinary interest method, 360 days, when applicable. Round your answers to the nearest cent.     Face Value Discount Rate (%) Term Bank Discount Proceeds $32,000 10.05 6 months $ $

Q: Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate…

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Q: Assuming a 360-day year, proceeds of $47,000 were received from discounting a $47,910, 90-day note…

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Q: Complete the following table for the simple discount notes. Use the ordinary interest method. (Round…

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A: Face Value = $12,000 Discount Rate = 10% Time = 125 days

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: Formula: Bank discount = Face value x Discount rate x Time period Proceeds = face value - Bank…

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Q: The bank discount of a 90 - day simple discount note for $ 18,000 with an 8\% discount rate is :

A: The conceptual formula is:

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

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Q: On April 1, Year 1, Halo Co. issued a $5,000 face value discount note to the Capri Bank. The note…

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A: Notes receivable is an asset for the business entity because it represents the amount receivable.

Q: Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and…

A: BANK DISCOUNT FORMULA: bank discount=face value×rate×time where, time is in years

Q: Good Day Service Center received  a 120-day, 6% note for $250,000, dated April 12 from a customer on…

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: Formula: Bank discount = Face value x Discount rate x Time period Multiplying face value , discount…

Q: You decide to discount a$5250, 345-day note at 3% to your bank at a discount rate of 4.5% on day…

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Q: Chang Co. issued a $51,600, 120-day, discounted note to Guarantee Bank. The discount rate is 10%.…

A: Cash Proceeds = Issue Value - Discount Discount = Issue Value x Discount Rate x (120)(360)

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Q: Calculate the bank discount and proceeds (in $) for the simple discount note. Use the ordinary…

A: The bank discount as per ordinary interest method is calculated with the help of following formula…

Q: On April 1, Year 1, Halo Co. issued a $5,000 face value discount note to the Capri Bank. The note…

A: Formula: Discount amount = face value amount x Discount rate

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A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A:

Q: Determine the proceeds from each of the following discounted customer notes: 1. An P8,000, 60-day,…

A: As posted multiple independent questions we are  answering only first question kindly repost the…

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Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: BANK DISCOUNT =FACE VALUE ×DISCOUNT RATE ×TIME PROCEEDS=FACE VALUE - BANK DISCOUNT