Multiple Choice
On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? When required, round your answer to the nearest dollar.
A) $82,600
B) $84,000
C) $81,333
D) $88,200
Correct Answer:
Verified
Correct Answer:
Verified
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