Company signs note payable

Assignment Help Financial Accounting

Reference no: EM131265573

A company signs a note payable for $5,000 at 11?% for 45 days. How much interest will the company owe using a? 360-day year?? (Round your final answer to the nearest? cent.)

Reference no: EM131265573

Questions Cloud

Net income percentage : Spirit's Signs reported Net Sales of $259,000?, Cost of Goods Sold of $110,500?, Operating Expenses of $63,400?, and Income Tax Expense of 18,500. ?Spirit's net income percentage? was: Round your final answer to two decimal? places, X.XX%.)

Average common? stockholders equity : For the current? year, Company A had sales of $350,000?, net income of $250,000 and average common? Stockholders' Equity of $900,000. During the same? year, Company B had sales of $210,000?, net income of $180,000 and average common? Stockholders' Eq..

Prepare journal entries for initial entry for issuing bond : A $4,000,000 bond with a 10% interest rate was issued for $4,540,000 with an effective interest rate of 8%. Interest is paid on December 31. Prepare the journal entries for the initial entry for issuing the bond on Jan 1, 2016, the first interest pay..

The amount to be credited to paidminus : Charmed, Inc. has 6,000 shares of treasury stock which it purchased for $10?/share. It later resold 2,500 of those shares for $18?/share. The amount to be credited to Paidminus−in Capitalminus−Treasury Stock? is:

Company signs note payable : A company signs a note payable for $5,000 at 11?% for 45 days. How much interest will the company owe using a? 360-day year?? (Round your final answer to the nearest? cent.)

Organization can implement to protect assess to data : Identify and explain general controls that an organization can implement to protect assess to data, hardware and software. Include in your explanation why an organization should focus on creating a VPN.

Analyze the impact on the income statement based : At the most recent strategic planning meeting, the board of directors of Amazon has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $5 million. Analyze the impact ..

Interest received from state or local bonds is not taxable : Income may be realized in any form, whether in money, property, or services. Generally, interest received from state or local bonds is not taxable.

The social security of the taxpayers spouse : The concept of Adjusted Gross Income (AGI) is important because many deductions and credits reported on the tax return are computed based on the amount shown as AGI? Even though you are in the process of getting a divorce, you can file as married fil..

User Account

All Pages