Saturday
April 19, 2014

Homework Help: Math

Posted by Cher on Friday, October 7, 2011 at 7:44pm.

Hafers, an electrical supply company, sold $3,800 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 12 with 4.00% interest. The due date was August 18. Short of funds, Hafers contacted Charter One Bank on July 12; the bank agreed to take over the note at a 5.40% discount.
What are the proceeds?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Promissory notes - Hafers, an electrical supply company, sold 4800.00 of ...
Business Math - Hafers, an electrical supply co., sold $4200.00 of equipment to ...
business math - Word Problem 11-17 Hafers, an electrical supply company, sold $3...
Business Math - Hafers, an electrical supply company, sold $4,800, 12%, 90-day ...
Business Math - Hafers, an electrical supply company, sold $4,800, 12%, 90-day ...
math - A used piece of rental equipment has 3 years of useful life remaining. ...
Math - A garden supply company sells cages for tomatoes. The cages come in ...
engineering - the pringles manufacturing company tells you that they are ...
math - A used piece of rental equipment has 3½ years of useful life remaining. ...
Advanced accounting - The balance sheets of Petrello Company and Sanchez Company...

Search
Members