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MMLU-Pro / 844 / Finkel Company accepted a 90 day after sight draft for …

Problem

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question

Finkel Company accepted a 90 day after sight draft for $850 on May 10. It was discounted on July 1 at 5%. If the bank charges a (1/4)% collection fee, what are the proceeds?

category

business

options

  1. $838.75
  2. $851.25
  3. $840.00
  4. $846.51
  5. $832.50
  6. $845.25
  7. $837.00
  8. $850.00
  9. $843.38
  10. $855.00

src

stemez-Business

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