Multiple Choice
A 30-day note dated October 15, would be due on November
A) 14.
B) 15.
C) 16.
D) 17. 16 days in October + 14 days into November.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: When a note receivable is discounted,the net
Q20: The Jiminez Company accepted an interest-bearing note
Q23: Compute the maturity value of a 60-day,7
Q26: If the proceeds of a discounted note
Q45: The total that must be paid when
Q51: How much interest will accrue on a
Q53: The Crown Company had the following transactions
Q55: How much interest will accrue on a
Q56: Compute the amount of interest owed on
Q57: Compute the maturity value of a 6-month,9