Today (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Join Fri, Sep 20 (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Fri, Sep 27 (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Fri, Oct 4 (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Fri, Oct 11 (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Fri, Oct 18 (Recurring) 11:30 AM Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567 Fri, Oct 25 (Recurring) Kobi's Zoom Recitation (2:45pm and 3:45pm) 936 2415 1567

Notes Receivable (short term) Accounts: Notes Receivable Interest Receivable Interest Income (or Interest Revenue) Terms: Maturity Value Face Value Issue Date Promissory Note Has a Face Amount, a Term, and an Interest Rate (expressed as an annual percentage) Need to calculate the due date of the note. Example: Assume that a 120-day note is signed on March 11. What is the maturity date of the note? Term of the note Days that pass in March: Chapter 8-Receivables Number of days in March 31 Date of the note 11 Number of days left Days that pass in April Number of days left Days that pass in May Number of days left Days that pass in June Number of days left 9931; therefore, the due date is July 9 Interest is not charged on the date the note is signed. Therefore, you should begin counting on the day after the date on the note to determine the due date. 120 Does it really matter whether you collect the note on July 9 or July 10? Accepting payment on a note one day late without charging…

There are two research cases in this assignment.  This assignment must be completed by 9:00 a.m. Monday, November 8, 2021.  You will submit your answer directly on D2L.  You may submit your response in either of the following ways:  1) following the link for the extra credit assignment under Submissions in this week’s content or 2) alternatively, you may follow the link at the top of D2L to Research and Exams.  Select Research Assignment #5.  (Don’t worry that D2L calls this submission a quiz).  You will enter the Topic, Subtopic, Section, Paragraph  in a fill in the blank question and your overall conclusion to this case.  Example:  ASC 100-10-45-4 (you do not need to enter what the guidance content)   Research Case #1:  Peronto’s Inc. is an asphalt contractor located in Kansas City, Mo.  Peronto’s Inc. is planning on expanding into the Chicago market is budgeting that the start-up expenditures for the new Chicago facilities will be $25,000.  These expenditures will be for the…

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.