Short of funds hafers contacted charter one bank on july, Ask an Expert

Management Studies

Q. Hafers, an electrical supply corporation, sold 4800.00 of equipment to Jim Coates Wing, INC Coates signed a promissory note May 12 with 4.5% interest. The due date was August 10. Short of funds, Hafers contacted Charter One Bank on July 20th the bank agreed to take over the note at 6.2% discount. Illustrate what proceeds Hafers will receive

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9350552

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