Valley designs issued a 120-day, 4% note for $76,800, dated april 15 to bork furniture company on account.

required:

a. determine the due date of the note.

b. determine the maturity value of the note. assume a 360-day year. round your answer to the nearest dollar.

c. journalize the entries to record the following: (1) receipt of the note by bork furniture and (2) receipt of payment of the note at maturity. refer to the chart of accounts for exact wording of account titles. round your answer to the nearest dollar.

Arapid increase in the population of a city or town is most likely to lead to which of the following? a. higher-paying jobs. b. low housing prices. c. a seller's market. d. a drop in population density. 2b2t

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.