menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 11
  4. Exam
    Exam 5: Receivables and Revenue
  5. Question
    The Maturity Value of a 6 Month,7% Note for $70,000,dated
Solved

The Maturity Value of a 6 Month,7% Note for $70,000,dated

Question 80

Question 80

Multiple Choice

The maturity value of a 6 month,7% note for $70,000,dated May 12 is: (Round your final answer to the nearest dollar. )


A) $2,450.
B) $70,000.
C) $74,900.
D) $72,450.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q75: A trade discount is not considered in

Q76: The income statement approach to estimating uncollectible

Q77: On December 1,Macy Company sold merchandise with

Q78: The journal entry to record accrued interest

Q79: Lennon Company signed a 12-month,$53,000,10% note on

Q81: To satisfy a performance obligation means that:<br>A)the

Q82: On October 11,Younger Company sold merchandise with

Q83: Days' sales outstanding tells a company how

Q84: At December 31 of the current year,Accounts

Q85: A year-end review of Accounts Receivable and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines