Misk, Inc. received from a customer a one year, $750,000 note bearing annual interest of 9%.

After holding the note for six months, Misk discounted the note at National Bank at an effective interest rate of 12%.

What amount of cash did Mick receive from the bank?

a. $780,713

b. $768,450

c. $700,950

d. $719,400

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

If you miss two payments on a credit card what is generally the penalty

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.