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
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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.
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