On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000.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%.

Nelson Co. issued a $80,000, 90-day, discounted note to Community Bank. The discount rate is 5%. At maturity, assuming a 360-day year, the borrower will pay how much?

Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Roni Lockard signed a $28,500 simple discount promissory note at a certain bank. The discount rate was 13%, and the note was made on February 18 (not in a leap-year) for 116 days. (a) What proceeds (in $) will Roni receive on the note? $  (b) What is the maturity date of the note?

On August 1, Batson Company issued a 60-day note with a face amount of $91,800 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations. a. Determine the proceeds of the note assuming the note carries an interest rate of 12%. b. Determine the proceeds of the note assuming the note is discounted at 12%.

Please answer the question correctly. Thank you.

On May 1, the Morse Company accepted a 60-day, $15,000 non-interest-bearing note from U Corporation. What is the maturity value of the note?

Springer Products wishes to borrow ​$90,000 from a local bank using its accounts receivable to secure the loan. The​ bank's policy is to accept as collateral any accounts that are normally paid within 30 days of the end of the credit​ period, as long as the average age of the account is not greater than the​ customer's average payment period. ​ Springer's accounts​ receivable, their average​ ages, and the average payment period for each customer are shown in the following​ table: Customer Accounts Receivable Average age of account     Average payment period of customer A ​$11,000   42 days   50 days   B ​$25,000   70 days   65 days   C ​$10,000   48 days   45 days   D ​$28,000   55 days   50 days   E ​$14,000   50 days   60 days   F ​$19,000   21 days   35 days   G ​$30,000   10 days   30 days   H ​$16,000   25 days   40 days…

Assuming a 360-day year, proceeds of $46,510 were received from discounting a $47,941, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was a.13.18% b.13.69% c.9.94% d.11.94%

The following certificate of deposit (CD) was released from a particular bank. Find the compound amount and the amount of interest earned by the following deposit. $2500 at 6% compounded daily for 2 years. What is the compound amount? (Round to the nearest cent.)

On June 43, Trade Bank loaned a customer $30,000 on a 60-day, 10% note, temiting the face value less the interest to the customer. Which of the following journal entries would Trade Bank use to record the receipt of the note? a. Notes Receivable                      30,000              Interest revenue                                     3,000              Cash                                                       27,000 b. Notes receivable                       30,000             Cash                                                         30,000 c. Notes Receivable                       29,500             Cash                                                         29,500 d. Notes receivable                       30,000             Interest revenue                                       500             Cash                                                         29,500