Valley Designs issued a 90-day, 6% note for $60,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. July 21 b. Determine the maturity value of the note.

a. 21 July

b. $30,900

Explanation:

a. The computation of due date of the note is shown below:-

= 8 + 31 + 30 + 21

= 21 July

b. The computation of maturity value of the note is shown below:-

Maturity value of the note = Principal + Interest

= $60,000 + ($60,000 × 6% × 90 ÷ 360)

= $30,000 + $450

= $30,900

Therefore we have applied the above formula.

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.