8. A note is discounted at 6% in order to take advantage of a cash...
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Accounting
8. A note is discounted at 6% in order to take advantage of a cash discount on an invoice listing merchandise of $4,020.41 plus freight of $40. The cash discount is 2/30, n/60.? a. What will the face value of the note be? b. How much will be saved by signing the note? Question 4 1 pts 10. A note is discounted at 12% in order to take advantage of a cash discount on an invoice listing merchandise for $5,093.75 and freight of $60. The cash discount shown on the invoice is 4/20, n/50. a. What is the face value of the note? b. How much is saved by borrowing
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