On October 30, Seba Salon, Inc issued a 90-day note with a face amount of $60,000 to Reyes Products, Inc for merchandise inventory. Determine the proceeds of the note assuming the note is discounted at 8%

A) $55,200
B) $64,800
C) $58,800
D) $61,200

C

Business

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At the beginning of 2009, Beta Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During 2009, the company reported total revenues of $226,000 and expenses of $175,000. Also, owner withdrawals during 2009 totaled $48,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of 2009 would be:

a. $174,000. b. $78,000. c. Cannot be determined from the information provided. d. $120,000. e. $123,000.

Business

Which of the international operations strategies involves low cost reductions and low local responsiveness?

A) international strategy B) global strategy C) transnational strategy D) multidomestic strategy E) worldwide strategy

Business