tzes ACZ760Financi C Q Search start framed2ou515178isprvdrc1

tzes ACZ760-Financi C Q Search start framed2ou-515178isprv-&drc-18q-272374cfol; - Financial Accounting for Managers SP18 B - Sectio.. AssessmentsCommunication My Tools iZ Time left:1 55:39 Sharde Johnson: Attempt1 A 90-day, 8% note for $10,000 dated May 1 is received from a customer on account. The maturity value of the note is (Assume 360 days in a year): A) $9,800. B) $10,800 C$10.200 D) $10,000. Save Question 3 (5 points) The two methods of accounting for uncollectible receivables are the: A) allowance method and the direct write-off method. OQuizes ACZ760

Solution

Answer is C. $ 10200 Amount of Note 10000 Rate of Interest 8% Period of note 90days Interest receivable 200 Maturity value: Amount of Note: 10000 Add: Interest receivable 200 Maturity value: 10200