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Financial Accounting Tools for Business Decision Making

McNamme Juices sells products in the health-food industry. McNamme sold Johnny Mac merchandise for $5000 on account. Johnny Mac ran into a cash crunch and was able to pay only $1,200 in the prescribed period. Both parties agreed to satisfy the remaining balance with a six month note, at 13% interest, all payable at the end of the note.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9218190

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