Calculate luke purchase price

Assignment Help Accounting Basics
Reference no: EM133027645

Problem - Luke plans to purchase a 180-day $100,000 bank bill at a simple discount rate 2.55%. Calculate Luke's purchase price (rounded to three decimal places).

Reference no: EM133027645

Questions Cloud

Explain the quantity and valuation of motors : Neither the consignee submitted an account sale for March. Explain the quantity and valuation of motors in the manufacturer's balance sheet on March 31
Differentiate internal and external recruitment : 1. Differentiate Internal and External Recruitment 2. Give at least 3 examples or types of Internal Recruitment
Calculate equity value and firm value : SAM stock price used to calculate Equity Value and Firm Value - provide the excel file you used to calculate Equity Value and Firm Value
What is the monthly financing cost : If the inventory costs $4 per unit and will be financed through the bank at 12 percent per annum, what is the monthly financing cost and the total
Calculate luke purchase price : Problem - Luke plans to purchase a 180-day $100,000 bank bill at a simple discount rate 2.55%. Calculate Luke's purchase price
What are bases of social power for superiors : What are bases of social power for superiors (bosses) and subordinates?
What is the ratio of the book value of debt : A firm has a debt-to-equity ratio of 0.60 and a market-to book ratio of 4.0. What is the ratio of the book value of debt to the market value of equity
Outcomes of self-assessments : -In what ways did the outcomes of your self-assessments taken during this class, play a part in the negotiations? Management vs Union.
Unethical practices from government agencies : Site 5 unethical practices from government agencies/officials or private companies in the Philippines. Explain each situation/practices and why it is considered

Reviews

Write a Review

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.

  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

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd