On March 31, Dower Publishing discounted a $31,000 note at a local bank. The note was dated February 28 and required the payment of the principal amount and interest at 8% on May 31. The bank’s discount rate is 10%. How much cash will Dower receive from the bank on March 31?

Maturity value:

Discount:

Cash Proceeds:

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)

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Which of the following would classify as a general education requirement