Find the Discount and Proceeds on the Simple Discount Note

question 42

Multiple Choice

Find the discount and proceeds on the simple discount note.
-Face value: $5,700.00 Discount rate: 11%
Time (days) : 30

• A)Discount: $627.00
• Proceeds: $5,073.00
• B)Discount: $52.25
• Proceeds: $5,647.75
• C)Discount: $0.00
• Proceeds: $5,700.00
• D)Discount: $51.53
• Proceeds: $5,648.47

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Definitions:

Raw Materials

The basic substances from which products are manufactured or made.

Vehicle Life Cycle Cost

The total cost associated with owning and operating a vehicle over its entire lifespan, including purchase price, maintenance, fuel, and disposal costs.

Operating Cost

The expenses associated with the day-to-day running of a business or system, including costs for materials, labor, and overhead.

Useful Life

The estimated period a fixed asset is expected to be usable for its intended purpose, affecting depreciation calculations.