User Account

All Pages

Calculate the portion of the year based

Assignment Help Accounting Basics
Reference no: EM131765619

On December 1, DEF Company agreed to accept a $10,000 45-day note from a customer which bears 6% interest. Assume that no interest has been recorded during the year. If DEF uses the cash basis, how much interest revenue needs to be recorded on December 31? (calculate the portion of the year based on 360 days and round to the nearest dollar)

Reference no: EM131765619

Questions Cloud

Majority shareholder of unique new investment corporation : Tank is a director and the majority shareholder of Unique New Investment Corporation (UNIC).
Frequency of urination and urgency : Ms. Smith is 27 years old and has been experiencing painful and difficult urination (dysuria), frequency of urination and urgency.
Especially vulnerable for terrorist attacks : The constant flow of large numbers of people in and out of hotels during daily business hours makes them especially vulnerable for terrorist attacks.
What is the gain recognized on this reorganization : The assets transferred have a basis of $14 million. What is the gain recognized on this reorganization
Calculate the portion of the year based : calculate the portion of the year based on 360 days and round to the nearest dollar
What is economic production quantity-inventory level : What is the economic production quantity? What will be the maximum inventory level? What will be the maximum inventory level?
Evaluate the role played by contract auditors : Evaluate the role played by contract auditors. Write clearly and concisely about cost and price analysis using proper writing mechanics.
Effectiveness of using epidemiologic principles : Evaluate the cost effectiveness of using epidemiologic principles as a prophylactic measure, as opposed to a lack of health oversight in disadvantaged.
What is the depreciation schedule per year : Purchased a truck for $140,000 cash on the 1st of January. The truck will be depreciated overan 8 year period. You decide to use the 200% declining-balance.

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.

  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

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