Post a New Question

Business Finance

posted by .

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

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question