1) The invoice date is August 1. The terms are 5/10 EOM. What is the cash discount being offered? What is the last day to take the discount? (Lesson 5) a) 5%; August 10 b) 5%; August 11 c) 5%; September 10 d) 5%; September 11

A customer opens a certificate of deposit of $909,642. The current CD-rate is 9% and the CD duration is 162 days. What is the amount due to the customer at expiration of the CD? Round your answer to the nearest two decimals if needed. Do not type the $ symbol.

Entries for discounted note payable A business issued a 60-day note for $48,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year. Question Content Area a.   Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place. blank Account Debit Credit     - Select - - Select -     - Select - - Select -     - Select - - Select -   Question Content Area b.  Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. blank Account Debit Credit     - Select - - Select -     - Select - - Select -

K An invoice is dated June 18 with terms 3/10-50 ex. Find the final discount date and the net payment date. The net payment date is 20 days after the final discount date. The final discount date is The net payment date is June July ▼ ▼ CHE

On April 12, Dr. Rowan accepted a $10,000, 60-day, 11% note from Bill Moss granting a time extension on a past-due account. Dr. Rowan discounted the note at the bank at 12% on May 13. The bank discount is:   Multiple Choice   $98.44   $183.33   $97.07   $200

24. SIMPLE DISCOUNT RATE A plumbing contractor receives proceeds of $4713.54 on a 12.5% simple discount note with a face value of $5000. Find the time of the note in days.

Use the following information for Questions 6 to 10: A promissory note for $12,500 was written on February 9 for 120 days at 7%. It was discounted on May 15 at 11.5%. 6. 7. Find the maturity value of the note. Find the maturity date of the note. 8. Find the term of the discount. Find the discount amount. Find the proceeds. 9. 10. Attempt only if you can solve all parts I'll upvote your answer otherwise I'11 downvote

PLEASE SHOW ALL WORK You purchase goods on an invoice dated February 5 of a leap year, with terms of 5/10-90X. Calculate the last day of the discount period. The discount period ends 100 days (10 + 90 = 100) after the date of the invoice. February 5 is day 36.

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