What was the maturity value of the note

Assignment Help Financial Management
Reference no: EM132048501

Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader's Choice Bookstores.

After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5% The note was made on March 21.

What was the maturity date of the note?

What was the maturity value of the note?

What was the discount date of the note?

What proceeds did Varsity Press receive after discounting the note?

Reference no: EM132048501

Questions Cloud

How much interest will you pay : You've worked out a line of credit arrangement that allows you to borrow up to $45 million at any time. The interest rate is. 41 percent per month.
What is the molar mass of the acid : a) What is the molar mass of the acid? b) What is the pKa of the acid?
What is the final pressure in atmosphere : A tennis ball contains 250mL of air at 1.25atm. A tennis star soupsit up by injecting 50mL of air at 1 aim into the ball.
What is the final temperature : When 116.0 mL of water at 26.0°C is mixed with 71.0 mL of water at 85.0°C, what is the final temperature?
What was the maturity value of the note : After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5% The note was made on March 21.
How do you find which compounds are electrolytes : How do you find which compounds are electrolytes, nonelectrolytes, strong electrolytes, weak electrolytes?
What is a chemical or biological hazard : What is a chemical or biological hazard that is present at a facility or familiar with?
How might n vc-pe fund monitor its portfolio companies : What do VC/PE funds do to help their portfolio companies? Under what situations might this not work out.
How many moles of acid is needed to neutralize : A) Which one is acid? B) How many moles of acid is needed to neutralize 1 mole of base?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd