A 60-day, 12% note received from a customer for $50,000, dated May 15, is endorsed to the bank on May 25, and the bank discounts the note at 15%. If the note is dishonored by the maker and the bank charges a $20 protest fee, what is the amount payable to the bank on July 14?
A) $51,000
B) $51,020
C) $56,020
D) $50,000
B
You might also like to view...
A Doppelganger brand image is when a product looks like the original but in fact is a critique of it
Indicate whether the statement is true or false
Which of the following is a complex sentence?
A) Madrid has many museums and art galleries. B) The city is well known for its nightlife, and its cafes are popular with tourists and locals alike. C) Though bullfighting is censured by some, its popularity in Madrid continues unabated. D) Madrid is a historical and cultural center in Spain. E) The nightlife of Madrid is deservedly famous, but classical music still finds firm followers.
Products that displace an established technology and shake up the industry or create a completely new industry are examples of ________ technology.
Fill in the blank(s) with the appropriate word(s).
The federal Jury System Improvements Act:
a. protects persons who serve on federal juries from discharge, intimidationor coercion by their employers because of their jury service b. applies a Title VII approach to selection of jurors c. reduces the number of jurors on a standard jury from 12 to 6 d. requires that employers pay their employees at their regular rate of payfor the time spent serving on a federal jury