Wednesday
October 1, 2014

Homework Help: Business Finance

Posted by Terry on Thursday, February 2, 2012 at 9:20am.

Mobile Oil Company accepted a $10,000, 120 day note, dated March 3, at 8.5% to settle a past due accounts receivable. Mobile Oil discounted the note to raise cash on May 10 at a discounted rate of 9%. What proceeds did Mobile Oil receive?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Finance - Mobile Oil Company accepted a $10,000, 120 day note, dated on...
business and finance - Mobilee Oil Company accepted a $10,000, 120-day note, ...
business math - Mobilee Oil Company accepted a $10,000, 120-day note, dated ...
accounting - Cypress Oil Company's December 31, 2013, balance sheet listed $645,...
business - Rex Corporation accepted a $5,500, 8.50%, 150-day note dated August 8...
finance /accounting- PLEASE HELP - Aging Accounts Receivable: Madariaga Campany'...
Business Finance - On May 12, Bob Campbell accepted a $5,000 note in granting a ...
Business/Finance - A $120,000, 5% 200-day note dated June 6 is discounted on ...
Finance Math - On June 30, 2007, Simon Company discounted a customerís $180,000...
Accounting - Accounts receivable in the amount of 250,000 were assigned to the ...

Search
Members