The Maturity Value of a 6 Month,7% Note for $70,000,dated

question 80

Multiple Choice

The maturity value of a 6 month,7% note for $70,000,dated May 12 is: (Round your final answer to the nearest dollar. )

• A)$2,450.
• B)$70,000.
• C)$74,900.
• D)$72,450.

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Definitions:

Inventory Investment

The capital allocated to purchase and hold inventory, which includes raw materials, work-in-process, and finished goods.

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Work-in-process Inventory

Items that are in the process of being produced but are not yet finished goods in manufacturing.

Maintenance

The process of preserving the condition of tools, machines, buildings, and other physical assets through routine upkeep and repairs.