American Bank has loaned $12,000 to Shoreline Petroleum Inc using a 60-day non-interest-bearing note. The bank discounted the note at 12%. The proceeds of the loan will be
a. $12,000.
b. $11,760.
c. $240.
d. $12,240.
b
Business
You might also like to view...
Answer the following statements true (T) or false (F)
To be a team that effectively leads itself, its members should not engage in individual level self-leadership as that takes away focus from the team.
Business
What is the Hatch Act?
What will be an ideal response?
Business
Purchased items that are used in manufactured products or services are?
a. Raw materials b. MRO supplies c. Work-in-process d. Finished goods
Business
If your affordable home mortgage is $100,000 and you need a 20% down payment, your affordable home purchase price is
A) $144,000. B) $125,000. C) $100,000. D) $80,000.
Business