Find the Maturity Dates for the Following

question 83

Short Answer

Find the maturity dates for the following:
a)A 123-day note date March 22.
b)A 5-month note dated January 31.
c)A 75-day note dated February 21,2012,a leap year.

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Definitions:

Liabilities

Financial obligations or debts that a business owes to external parties.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Ratio

A quantitative relationship between two numbers, showing how many times one value is contained within another.

Liabilities

Financial obligations or debts that a business owes to others, which must be paid back in the future.