On July 9, Mifflin Company receives a $8,500, 90-day, 8% note from customer Payton Summers as payment on account. Compute the maturity date for the note.

A. November 8
B. October 8
C. November 6
D. October 7
E. November 7


Answer: D

Business

You might also like to view...

An assembly line manufacturing system is a highly automated computer integrated manufacturing system that has its goal of achieving the ability to quickly produce wide varieties of products using the same equipment

Indicate whether the statement is true or false

Business

Explain two types of coding schemes and give examples of their use

Business

A company had average total assets of $887,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover equals:

A. 1.13. B. 0.81. C. 0.89. D. 1.23. E. 1.09.

Business

Which type of researcher and practitioner observes the culture, strategy, and climate of an organization and try to answer questions such as: How do employees communicate? What are their cultural norms, attitudes, and beliefs?

a. Intergroup development b. Organizational intervention c. Process consultation d. Organizational development

Business