If a Note Is Dated July 15, Discounted on September

question 48

Multiple Choice

If a note is dated July 15, discounted on September 29, and is due on November 12, the discount period is________ days.

• A) 120
• B) 44
• C) 76
• D) 74

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Definitions:

Aircraft

A vehicle designed for air travel, equipped with wings and engines, that can carry people or cargo through the atmosphere.

Shipbuilders

Individuals or companies engaged in the construction of ships and other floating vessels.

Product Layout

An arrangement in factories where the production equipment is organized according to the sequence of production operations, with materials moving along a line from one workstation to the next.

Inflexible

Lacking the capability or willingness to adapt or change in response to different circumstances or needs.