1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLEGan [10]
3 years ago
14

Valley Designs issued a 90-day, 9% note for $42,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a

year when computing the interest.
1. Determine the due date of the note.
a. July 9
b. July 10
c. July 21
d. July 30

2.. Determine the maturity value of the note.
$______________
Business
1 answer:
Aleks [24]3 years ago
8 0

Answer:

1. July 21

2. $42,945

Explanation:

April 22 Start leaves 8 days left, and following the months would be like this:

8(April) + 31(May) + 30(June) + 31(July) = 100 days

Now because we only need 90 days in the period, we subtract the last 10 days off of July 31

31(July) - 10 days (July) = July 21

Maturity value = face amount (42,000) + interest (42,000 x 0.09 x 90 / 360)

42,000 + 945 = $42,945

You might be interested in
What is a uncommoon credit card fee
ella [17]
Not all credit cards have an annual fee. You can expect an annual fee on most secured credit cards, some premium credit cards, charge cards, and subprime credit cards. The amount of the annual fee varies. It can be low as $19 or as high as $500, depending on the credit card.
5 0
3 years ago
Corpus delicti evidence at the Willow Lane crime scene is _____.
Gnom [1K]
The best answer would be answer choice c. 

8 0
4 years ago
When economists and policymakers refer to the​ Fed's dual​ mandate, they are referring to:
miss Akunina [59]

Answer:

A) price stability and maximum employment.

Explanation:

When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:

  1. promote maximum employment
  2. promote stable price

The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.

By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.

5 0
4 years ago
Darnell lives in an area where labor is plentiful and locations for startup are relative cheap
777dan777 [17]

Answer:

The answer is "Entrepreneurship and knowledge".

Explanation:

The situation is based on the research on beginning a firm, there two key production aspects which Darnell needs to succeed would be enterprise and expertise, based on the data supplied inside the question. He needs to learn a way to create, start-up, run a new business and get depth knowledge of both the arts.

4 0
3 years ago
PLEASE HELPP WITH CHEMISTRY
olasank [31]

Answer:

what is the equation? because I can't see it

4 0
3 years ago
Other questions:
  • The words the anchor says in between stories are called what
    7·1 answer
  • A common misconception surrounding both environmental and social sustainability is that their practice increases supply chain co
    13·1 answer
  • If the equation y = 50x + 25 represents the amount of (y) money it costs to rent a car for (x) days, how long could you rent a c
    5·1 answer
  • f there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when Group of ans
    8·1 answer
  • Forrester Research has carried out an evaluation of European online retailers by asking consumers how well the Web sites helped
    12·1 answer
  • Henrietta Marston plans to retire in the year 2050. She is considering a fund that will be more aggressive now and become more c
    13·1 answer
  • What other form of etching and
    15·1 answer
  • (The answer!! :)) Select the examples that best demonstrate likely tasks for Energy Transmission workers. Check all that apply.
    13·2 answers
  • Medium:
    5·1 answer
  • True or false: It's inevitable that budgeting will hinder enjoyment of life, forcing people to make financial sacrifices.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!