On June 8, Williams Company issued an $85,200, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. a.$85,200 b.$7,668 c.$87,756 d.$92,868

Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $58,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. $ 58,800 b. Determine the proceeds of the note, assuming the note is discounted at 9%. 60,618 X

TORR, Inc. issues a $500,000, 6%, six-year note on January 1, 20X1. If the monthly payment is $8,286, what is the note's carrying value after the first month's payment is made on January 31, 20X1?

Mobile Co. issued a $43,384, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At maturity, assuming a 360-day year, the borrower will pay: Select the correct answer. A. $43,384   B. $44,179   C. $38,612   D. $42,589

Proceeds from Notes Payable On May 15, Franklin Co. borrowed cash from Dakota Bank by issuing a 30-day note with a face amount of $96,000. Assume a 360-day year. Required: a. Determine the proceeds of the note, assuming that the note carries an interest rate of 6%. $ b. Determine the proceeds of the note, assuming that the note is discounted at 6%.

On February 1, 2021, Miter Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six months. How much interest revenue will Miter Corp. report during 2021? Multiple Choice O O O O $120. $240. $100. $60.

Akbar Associates issued 120-day note for $50,000 to a creditor on a account. The note was discounted at 6%. Assuming a 360-day year: a. What cash proceeds would Akbar receive from the note? b. How much would Akbar repay the creditor at the note's maturity? =

Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $94,800. Assume a 360-day year. a.  Determine the proceeds of the note, assuming the note carries an interest rate of 9%.________________ b.  Determine the proceeds of the note, assuming the note is discounted at 9%.________________

Proceeds from Notes Payable On January 26, McMaster Co. borrowed cash from Quantum Bank by issuing a 45-day note with a face amount of $324,000. Assume a 360-day year. Required: a.  Determine the proceeds of the note, assuming that the note carries an interest rate of 10%.$ b.  Determine the proceeds of the note, assuming that the note is discounted at 10%.$

A business issued a 45-day, 6% note for $210,000 to a creditor. Principal and interest are payable at maturity.  How is maturity value calculated in this case? What is the maturity value of the note?