On what date was a $1000 loan granted if the interest accrued as at November 16, 2011,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Term Year 0690345 365 days 252 days ...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions

On June 26, 2011, $1000 was borrowed at an interest rate of 10 %. On what date was the loan repaid if the amount of accrued interest was $63.91?

The $1000 principal amount of a loan was repaid on March 13, 2011, along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, on what date was the loan advanced?

A loan of $3300 at 9 % simple interest was made on March 27. On what date was it repaid if the interest cost was $137.99?

How do accounting differences impact the usefulness of financial ratio comparisons?

On January 1, 2012, the City of Cape May authorized and issued $200,000 of 5%, threeyear term bonds. Interest is payable annually on December 31. A debt service fund is established to accumulate the...

The cross section of a braced cut supporting a sheet pile installation in a clay soil is shown in Figure 14.21. Given: H = 8 m, Î³clay = 19 kN/m3, Ï = 0, c = 42 kN/m2, and the...

Howmight technology influence the potential failure of a project? AppendixLO1

What are the ethical implications for leaders who ignore the impacts of severe workplace stress on their employees?

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2023. During that time, he earned $44,000 of selfemployment income. On April 1, 2023, Kyle took a job...

A cast iron, Ttype fitting is being produced for the oil drilling industry, using an airset or nobake sand for both the mold and the core. A silica sand has been used in combination with a...

$1000 was invested on April 18, 2011, in a certificate of deposit earning 7.7% per annum. On its maturity date, the certificate paid $32.28 interest. On what date did it mature?

What was the term of a $4850 loan at 4.5% if the interest due at the end was $145.50?

You have selected a sample to use in testing a null hypothesis that Factor X and Factor Y are independent. Your job is to fill in the missing frequencies in the partially completed frequency tables...

Perpetual Inventory Control Record Description: M & B Supreme Date Purchase Received Issued Sales Units Unit Cost June 1 Balance forward 3 $10.00 4 2 6 8 9 $10.50 9 12 32 3 6 2 4 15 6 10 $11.00 18 20...

A rectangular footing of size 4m by 5m is founded at 2m below ground level in a uniform deposit of saturated clay. The footing is designed to support a total vertical load of 8000 kN inclusive of the...

P6.2 At the start of Tom Stoppard's "Rosencrantz and Guildenstern are dead" 1, Rosencrantz finds a coin. Guildenstern watches as Rosencrantz repeatedly tosses the coin and every time it comes down...

For the data: 9 5 10 7 9 10 11 8 12 769 a) Compute the zscore for the raw score of 10 b) Find the raw score that corresponds to z=+1.22

(11%) Problem 7: After a bad thunderstorm, a loose power line comes to rest on a parked van. The van is insulated from the ground by its tires, and accumulates an electric charge of Q = 0.0012...

For the time frame reported, how is the balance sheet different from the income statement?

The time to assemble the first unit on a production line is 10 hours. The learning rate is 0.94. Approximately how long will it take for the seventh unit to be assembled? The number of hours needed...

Equity Method} On January 1, 2018, Copper Corporation acquired \(25 \%\) of the 5,000 outstanding common shares of Burgess Inc. for \(\$ 4,000,000\), which equals the book value of Burgess. On...

Evaluate each of the following. $1000(1 + 0.02) 3

The following fractions and mixed numbers have repeating decimal equivalent forms. Express their decimal and percent equivalent forms in the repeating decimal notation. Show just the minimum number...

The following fractions and mixed numbers have repeating decimal equivalent forms. Express their decimal and percent equivalent forms in the repeating decimal notation. Show just the minimum number...

How does the life time analysis differ from the basic customer profitability approach(500 words)

The security analysis research reports, published by sell side analysts working for security firms and FINRA, purport to sell an analyst's investment ideas to an investor in exchange for...

During the month of September,the Cider Pressing Company is trying to determine how much cider they are going to sell in October and November. One gallon of cider typically sells for $7 per gallon....
Study smarter with the SolutionInn App