DiscountP9,000 for 9 months at a discount rate of 8%. A P8,460 B P6,740 © P 7,480 D P 8,670
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- An item for 10,000, subject to a trade discount of 25%, is paid for within the discount period on terms 2/10, n/30. What is the amount of payment? P10,000 P7,500 P7,400 P7,350A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? A• 5% B• 60% C• 2% D• 1.98%ABC Co. receives P210,000 3-year non-interest bearing note. Collections is on the principal and interest is to be made every 12 months. Effective rate was 12%. How will ABC measure the note on initial recognition? 210,000 X PV of P1 at 12% for 3n 70,000 X PV of ordinary annuity at 12% for 3n 210,000 X PV of ordinary annuity at 12% for 3n 70,000 X PV of P1 at 12% for 3n
- Queen Corp sells on terms of 2/10, n/30. 70% of customers normally avail of the discounts. Annual sales are P900,000, 80% of which is made on credit. Cost of approximately 75% of sales. Use 360 days. What is the average investment in receivable?A $90,000 loan at 7.7% compounded semiannually requires monthly payments of $1,600. Calculate the final payment. $1291.47 $1144.46 $1289.61 $1165.92 $1137.28q38 To borrow $1,200, you are offered an add-on interest loan at 9 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments. TWO EQUAL PAYMENTS?
- On Jan 1, 20X1, ABC Corp received a P300,000 3-year note from a customer. The principal and interest of the note is collectible annually starting Dec 31, 20X1. Effective interest rate is 10% . How is the value of the note at December 31, 20X1? PV of P1 at 10% for 3n = .75131 PV of ordinary annuity of P1 at 10% for 3n = 2.48685 248,685 200,000 173,553 100,000Discount ₱264,000 for 2. 75 years converted quarterly at 10.64%.A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? • 2% • 5% • 60% • 1.98%