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). |
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). |
仓库号 | 职工号 | 工资 |
WH1 | E1 | 427 |
WH2 | E3 | 521 |
WH3 | E4 | 625 |
WH4 | E6 | 625
[填空题]Note-taking Skills
Note-taking requires a high level of ability in many skills, particularly in
the following four most important skills:
1. Understanding what the lecturer says as he says it.
--A non-native speaker of English is usually under a strain for he may be
unable to recognize words in speech which he understands in (1)______. (1)______
He may not know the meaning of a new word.
--A student should learn to infer the meaning of a new word from the
context.
--A student should (2)______ only on important points so that he can (2)______
understand much of a lecture.
2. Deciding what is important.
--Read the (3)______of a lecture carefully and understand its (3)______
meaning, for it implies the major points of a lecture.
--Pay attention to a lecturer’s direct and indirect signals concerning
what’s important or unimportant. The direct signals are (4)______.The (4)______
indirect signals inclu
[填空题]Note-taking in Lectures
For listeners, note-raking is an essential way to achieve better understanding of a lecture. It involves many separate skills, four of which will be analyzed here. I. Understand what (1) says. (1) ______ 1. severe strain:2 reasons —word (2) in speech. (2) ______ —new words 2. solution: concentrate on what are most important II. Sort out the main points. 1. focus on the title: write down the title (3) and completely. (3) ______ 2. be aware of signals of what is important or unimportant. signals indicating importance: — (4) (4) ______ — speak slowly or loudly — use a greater range of intonation — employ a combination of the devices Signal 我来回答: 提交
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