January 26 nyree company borrowed cash from Conrad Bank by issuing a 45 day note with a face value of $150,000. Assume a 360 day year. Determine the proceeds of the note, assuming the note carries an interest rate of 10%

Question

10-02-2020
Mathematics

contestada

January 26 nyree company borrowed cash from Conrad Bank by issuing a 45 day note with a face value of $150,000. Assume a 360 day year. Determine the proceeds of the note, assuming the note carries an interest rate of 10%

Respuesta :

Otras preguntas

The differential reproductive success of individuals who carry a particular allele in a given environment is called ____________.

Orson lives near train tracks. Trains pass by several times a day sounding their horns. After living there for several years, he often doesn't even notice the s

During the fall of 2012, a multi-state outbreak of meningitis occurred. The source of the infection was traced to contaminated methylprednisolone acetate, a ste

To control an infection, a doctor recommends that a patient who weighs 92 pounds be given 320 milligrams of antibiotic. If the antibiotic is given proportionall

A truck fuel can hold 44 gallons of gasoline. If 6.78 gallons of gasoline are in the tank how many more gallons are needed to fill the tank

A car is 100 inches long and 60 inches wide. There plan is for it to be 9 inches wide how long will the model be?

Entrepreneurs don’t have to manage other people?

Which of the following random variables is geometric? The number of digits in a randomly selected row until a 7 is found. The number of 7s in a row of 50 ran

Early psychological explanations found that the causes of female delinquency are attributable to repressed sexuality, gender conflict, and abnormal socializatio

_____ refers to the activation, often unconsciously, of certain associations, thus predisposing one's perception, memory, or response.

SaniShahbaz SaniShahbaz · Answer 1 · 2020-02-17T18:20:59+01:00

Answer:

The proceeds of the note will be $150,000.

Step-by-step explanation:

To Determine:

Determine the proceeds of the note, assuming the note carries an interest rate of 10%.

Information Fetching and Solution Steps:

On January 26, Nyree company borrowed cash from Conrad Bank by issuing a 45 day note with a face value of $150,000.
Assume a 360-day year.

In the context of accounting, a note generally cites to a pledge - also know as agreement - to pay a certain given amount of money in the future at a mentioned date - also known as a promissory note.

The proceeds are $150,000. The reason for the logic is because proceeds equal to face value. So, note issued is at face value of $150,000. The issued note was not discounted.

Therefore, the proceeds of the note will be $150,000.

Keywords: promissory note, face value

Learn more about face value from brainly.com/question/14020416

#learnwithBrainly