A $4,000, 6% note is dated August 5 and is due in 60 days. The maturity value of the note would be
a. $4,666.67; b. $4,240.00; c. $4,144.50;
d. $4,040.00; e. $4,000.00
D
Business
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The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory count is called
a. perpetual. b. LIFO. c. FIFO. d. periodic.
Business
Throughout the world, the foreign exchange market is open for business only during the hours of 9 A.M. to 3 P.M., Pacific Standard Time.
a. True b. False
Business
A favorable variance is not necessarily a good variance
Indicate whether the statement is true or false
Business
A foreign corporation can conduct commerce in a state if it obtains a certificate of authority from the state
Indicate whether the statement is true or false
Business