Saturday
August 23, 2014

Homework Help: Finance Math

Posted by Sparkle on Thursday, July 9, 2009 at 4:39pm.

On June 30, 2007, Simon Company discounted a customerís $180,000, 6-month, and 10 percent note receivable dated April 30, 2007. A discount rate of 12 percent was charged by the bank. Simonís proceeds from this discounted note would be:
Please tell me how do i calculate this problem.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting Math - This is not homework i already got it wrong without an ...
Discount Note - On September 5, Sheffield company discounted at sunshine bank a ...
business and finance - Mobilee Oil Company accepted a $10,000, 120-day note, ...
Business Finance - Mobile Oil Company accepted a $10,000, 120 day note, dated ...
Discount Notes - On september 5, sheffield company discounted at Sunshine bank a...
Discount Notes - On september 5, sheffield company discounted at Sunshine bank a...
Accounting - Accounts receivable in the amount of 250,000 were assigned to the ...
accounting - Part 5 Cash Budgeting Landis Company has the following sales ...
business math - Mobilee Oil Company accepted a $10,000, 120-day note, dated ...
math/Finance - I want to know the formula to use 1. A 120-day simple discount ...

Search
Members