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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
On August 14, First Avenue Bank lent $240,000 to City Cafe on a 75 day, 6% note. What is the maturity date of the note?  (Use a 360-day year and round answers to the nearest dollar.)
A) $243,000
B) $254,400
C) $240,000
D) $242,959
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
7 years ago
Excellent Slight Smile
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#4
5 years ago
243,000
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