[单项选择]A note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaser--often a bank--who collects the maturity value of the note at the maturity date.
Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early.What does a payee have to do when he discounts a note receivable with a bank
A. He has to collect the maturity value of the note on the discounting date.
B. He has to endorse the note.
C. He has to sell it to the note
A. $ 15 170
B. Notereceivable
C. Dorman Builders
D. $ 15 000
E. InterestRevenue
F. $170
G. TORECORD DISCOUNTING NOTE RECEIVABLEAt maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue.
H. Observetwo points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994).

更多"A note receivable is a negotiable i"的相关试题:

[单项选择]A note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaser--often a bank--who collects the maturity value of the note at the maturity date.
Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early.What is a note receivable
A. It is a note received by a payer.
B. It is paper currency paid for documents as well as notes.
C. It is a negotiable instrument which may be used to transfer funds from one person to another.
A. $ 15 170
B. Notereceivable
C. Dorman Builders
D. $ 15 000
E. InterestRevenue
F. $170
G. TORECORD DISCOUNTING NOTE RECEIVABLEAt maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue.
H. Observetwo points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994).

查看答案

[单项选择]

A note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaser--often a bank--who collects the maturity value of the note at the maturity date. Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early. Assume that the maturity date of the Dorman note is January 18, 1995 and that General Electric discounts the Dorman note at First City National Bank on December 9, 1994. The discount period--which is the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the note) -- is 40 days; 22 days in December, and 18 days in January. Assume the bank applies a 12 percent annual interest rate in computing the discount value of the note. The bank will want to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be willing to accept this higher rate in order to get cash quickly. The discounted value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed as follows: General Electric’s entry to record discounting the note is: Dec. 9, 1994cash $ 15 170 Note receivable Dorman Builders $ 15 000 Interest Revenue $ 170 TO RECORD DISCOUNTING NOTE RECEIVABLE At maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue. Observe two points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994).

What is a note receivable
A. It is a note received by a payer.
B. It is paper currency paid for documents as well as notes.
C. It is a negotiable instrument which may be used to transfer funds from one person to another.
D. It is a negotiable instrument which may be transferable from one person to another.

查看答案

[单项选择]The passage is primarily concerned with doing which of the following
A. Lauding Gibson’s achievement in recognizing the usefulness of traditional Western values toward technology
B. Advocating Gibson’s work as an example of an unorthodox and useful view of the body’s relationship to labor
C. Criticizing Gibson’s lack of reliance on alternative models of labor
D. Advancing a thesis concerning the limitations of traditional conceptions of the laboring body
E. Explaining, on the level of craft, how Gibson’s work varies from that of his peers

查看答案

[单项选择]

Mobile phones help us communicate everywhere, which is very important. They are good at emergencies, when you’ve (21) a car accident, for instance. A mobile phone (22) save your life! Mobile phones are also (23) because they have many good features--we can take photos and send them all over the world. But every coin has two sides. The (24) thing about mobile phones is that you have no privacy. My boss and friends find me whenever they want! I haven’t enjoyed a whole quiet day since the day I (25) my mobile phone. (26) disadvantage is that mobile phones make us lose good habits, such as punctuality. Before, when we (27) keep in touch so easily, if we had a date with someone, we tried our best to arrive (28) time. But now, because of the mobile phone, we are not afraid of (29) late any more, so, surprisingly enough, we make people wait! The third (30) I see is that I change my mobile
A. couldn’t
B. must
C. can’t
D. have

查看答案

我来回答:

提交