Compute the proceeds of a five-month, $7000 promissory note dated September 6, 2018, with interest at 5.5%
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Maturity value Due date February 6 20...View the full answer
Answered By
Junaid ahmed
I am an English language professor with years of experience In Teaching English Language and Literature. I like to help people in the various difficult matter.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
Question Posted:
Students also viewed these Accounting questions
-
Compute the proceeds of a non-interest-bearing note for $1100 three years and seven months before the due date, if money is worth 7.5% compounded annually.
-
Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of $1300, bearing interest at 7% compounded semi-annually, discounted seven years later when money was worth 9%...
-
Determine the proceeds of a ten-year promissory note dated April 1, 2017, with a face value of $1300, bearing interest at 7% compounded semi annually, discounted seven years later when money was...
-
The following auditors report was drafted by a staff accountant of Turner & Turner, CPAs, at the completion of the audit of the financial statements of Lyon Computers, Inc. (a non-public company) for...
-
Determine the polar moment of inertia of the area shown with respect to (a) Point O, (b) The centroid of the area. Semicircle 90 mm -120 mm 120 mm-
-
A solution containing hazardous waste is charged into a storage tank and subjected to a chemical treatment that decomposes the waste to harmless products. The concentration of the decomposing waste,...
-
What are some of the advantages and disadvantages of using online recruitment?
-
Consider the following transactions that occurred in February 2012 for Gems, Inc. Feb 3 Purchased inventory on terms 1/5, n/eom, $2,000. 4 Purchased inventory for cash of $1,600. 6 Returned $600 of...
-
Lily Corporation has 100,000 shares of $40 par value preferred stock authorized. During the year, it had the following transactions related to its preferred stock. (a) Issued 25,000 shares at $60 per...
-
The first two spin orbitals for the hydrogen atom are 1 Pr0o(r,0, $,0) = V4n a, ,3/2 and 1. 1(r,0,4,0) e ao V4n a2 show that they are orthogonal, assuming that the spatial and spin parts of the wave...
-
Pamela borrowed $15 000.00 for investment purposes on March 12 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. She repaid $1500.00 on...
-
At auction on June 22, 2017, $100 000, 91-day treasury bills were sold for $99 600. An investor purchasing one of these T-bills held it for 40 days, then sold it to yield 1.4%. (a) What was the...
-
Classic Toys has examined the market for toy train locomotives. It believes there is a market niche in which it can sell locomotives at $80 each. It estimates that it could sell 10,000 of these...
-
U.S. general accepted account principles (gaap) are designed to... Protect the interest of management? Ensure that US accounts use the same standards for financial statement uniformity? Provide3 the...
-
Question 1 Identify three (3) communication methods and/or media explaining the advantages and disadvantages of each using the table below. Method of Communication Advantages Disadvantages Question 2...
-
write basic source code for a online bank balance checker using the folowing code? The Online Bank The Online Bank
-
You, CPA, work as the assistant controller for A-Plus Corp (A-Plus). You are currently working on a project with the mergers and acquisitions group, which is responsible for integrating the recent...
-
Communication audits are an important way to profile effectiveness, especially in low-performing schools. Define the term communication audit. What does it entail? How can an audit be used to...
-
Ford Motor Credit Corporation (FMCC) hired Traciers & Associates (Traciers) to repossess a white 2002 Ford Expedition owned by Marissa Chapa, who was in default on the associated promissory note....
-
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
-
A manufacturer is considering installing new equipment to replace its old hole- punching machine. The equipment will be used for the next 10 years. Two options are being considered. The first piece...
-
a. If Milo charges $35 per half-hour tour (approximately 10 kilometers), how much profit does he expect to make this summer? b. What is the lowest price he could charge per half-hour tour and still...
-
In the original online ad, a specialty coffeemaker was listed at a price of $399.99. To promote business to a retailer, the appliance was offered at $120 off if five or more items were purchased at...
-
If you weigh your portfolio in 80% risky and 20% risk-free t bills. The optimal risky portfolio consists of 40% in bonds and 60% in ETFs. How much will you have invested in t-bills, bonds, and etfs?
-
b. A 25-year mortgage loan of $184,000 at a 10 percent compound annual interest rate with equal installment payments at the end of each year.
-
What are Cloud-based Services? How does this differ to the common virtualization model?
Study smarter with the SolutionInn App