Magick,Inc

question 22

Multiple Choice

Magick,Inc.converted a $4,000 account receivable from Ronaldo to a 75-day,8% note receivable.The maturity value (assume a 360-day year) that will be due from Ronaldo in 75 days (round to nearest dollar) is:

• A)$4,000.
• B)$4,067.
• C)$4,320.
• D)some other number.