User Account

All Pages

Calculate the loan annual financing cost

Assignment Help Business Management
Reference no: EM132998173

Van Buren Resources Inc. is considering borrowing $120,000 for 203 days from its bank. Van Buren will pay $4,000 of interest at maturity, and it will repay the $120,000 of principal at maturity. Assume that there are 365 days per year.

-Calculate the loan's annual financing cost. Round your answer to two decimal places. ___________ %

-Calculate the loan's annual percentage rate. Round your answer to two decimal places. _____________ %

-What is the reason for the difference in your answers to Parts a and b? (AFC or APR) does not consider compounding effects.

Reference no: EM132998173

Questions Cloud

Determine the annual financing cost : Determine the annual financing cost of a 1-year (365 days), $10,000 discounted bank loan at a stated annual interest rate of 10.5 percent. Assume that no compen
What annualized holding period return for general electric : During that period the stock paid dividends of $2.69 per share. What is your annualized holding period return (annual percentage rate)?
What rate of return does the investor expect to receive : What rate of return does the investor expect to receive on this stock if he or she purchases the stock today? Digging Deep Company's common stock is currently.
Which journal entry for gst is correct for the payment : Assuming Clifton Street Ltd is registered for GST and uses the Periodic inventory, Which Journal entry for GST is correct for the payment received by the firm?
Calculate the loan annual financing cost : Van Buren Resources Inc. is considering borrowing $120,000 for 203 days from its bank. Van Buren will pay $4,000 of interest at maturity, and it will repay the
Determine the revenue to be recognised by dinesh : Determine the revenue to be recognised by Dinesh in his accounting books by way fees for calendar year 2020 from this company.
Prepare journal entries to record the event in june : On 29 July, Chan Ltd, whose $1,870 account had been written off as uncollectible in June, paid its account in full. Prepare journal entries to record this event
Find the optimal solution and optimal value : Consider the following linear programming problem. Max 2X + 3Y 4X + 9Y = 36 7X + 5Y = 35 X, Y = 0
Record any gain or loss on disposal of the equipment : Record any gain or loss on disposal of the equipment directly to the partners' capital accounts. C sold his interest to the partnership for ?155,000 cash.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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