A local credit card company receives a constant flow of

Assignment Help Accounting Basics

Reference no: EM13591086

A local credit card company receives a constant flow of cash from its customers. The checks are deposited continuously in the bank with an average of $750,000 deposited monthly at 1.5% per month compounded continuously. Assuming all money remians in the account all month, how much interest money is earned each month?

Reference no: EM13591086

Questions Cloud

A loundspeaker diaphragm is producing a sound for 21 s by : question a loundspeaker diaphragm is producing a sound for 2.1 s by moving back and forth in a simple harmonic motion.

Explain the statistical analysis that you completed in part : imagine that you are a manager at a delivery service and you are creating a report to project the effects on your

After the delivery what will the hieght of the fuel in the : a gasoline trucks supply tank is 23 of the way full. the tank is a cylinder 25 feet long wih a diameter of 10 feet.

A mass of 030 on the end of a spring oscillates with a : question a mass of 0.30 on the end of a spring oscillates with a period of 0.45 and an amplitude of 0.15find the

A local credit card company receives a constant flow of : a local credit card company receives a constant flow of cash from its customers. the checks are deposited continuously

With the suspension point 30cm from the left edge of the : with the suspension point 30cm from the left edge of the meter stick hang a 200g mass 10cm from the left edge of the

Due to increased mailing costs the new rate will cost : due to increased mailing costs the new rate will cost publishers 36 million this is 13.5 more than they paid the

Anuj has been serving 23 cups of lemonade to each student : anuj has been serving 23 cups of lemonade to each student. if he has 1 12 cups of lemonade left how many students can

In 2040 your investment account along with your retirement : in 2040 your investment account along with your retirement fund has resulted in a tidy sum of 3.75 million dollars so

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages