Problem
On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $60,764 to Reyes Products, Inc. for merchandise inventory. Determine the proceeds of the note assuming the note is discounted at 7%.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.