Question 20 On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a customer dated July 10, 2021 with the Fiesta Financing Co. at 18%. How much will be the cash proceeds from...

Question 20<br>On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a<br>customer dated July 10, 2021 with the Fiesta Financing Co. at 18%. How much will<br>be the cash proceeds from discounting the customer note?<br>P262,500<br>P235,562.50<br>P248,062.50<br>P250,000<br>

Extracted text: Question 20 On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a customer dated July 10, 2021 with the Fiesta Financing Co. at 18%. How much will be the cash proceeds from discounting the customer note? P262,500 P235,562.50 P248,062.50 P250,000

Jun 07, 2022

SOLUTION.PDF

Question 20 On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a customer dated July 10, 2021 with the Fiesta Financing Co. at 18%. How much will be the cash proceeds from...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment