Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. proceeds from notes payable on january 26, nyree c

Proceeds from notes payable On January 26, Nyree Co. borrowed cash from Conrad Bank by...

80.2K

Verified Solution

Question

Accounting

Proceeds from notes payable

On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $93,600. Assume 360 days in a year.

a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. fill in the blank 1 of 2$

b. Determine the proceeds of the note, assuming the note is discounted at 9%. fill in the blank 2 of 2$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the local maximum and minimum values and saddle point(s) of the function. If you have...

Medical Sciences
1.2K views

Discuss the processes of hemostasis and fibrinolysis, but do not list all the coagulation factors (e.g.,...

Advance Math
1.2K views

Let G be a group and let N ? G be a normal subgroup. (i) Define...

Accounting
1.2K views

DiveIn, Inc. manufactures two products, Goggles and Snorkels. Goggles are the more complex of the two...

Biology
1.2K views

This hallucinogen was developed in the 1950s as a general anesthetic for surgery a PCP...

Basic Math
1.2K views

P7 14 Express each of the following octal numbers in binary hexadecimal and decimal forms...

Basic Math
1.2K views

1 point Consider the following two systems a b 2x y 1 x y i...

Algebra
1.2K views

13 The Foster family just hired a landscaping company to put in a flower garden...

Algebra
1.2K views

Exercise 4 1 pts For ne N let P be a probability on 2 4...

Accounting
1.2K views

Please answer all parts and show work. thank you. ...

Accounting
1.2K views

Please be fast solve as early as possible Specific events that upon completion...

Accounting
1.2K views

choose an advertisement that you think is unethical and explain why?