Compute the commercial paper APR and rEAR

Assignment Help Accounting Basics
Reference no: EM132698833

Problem - Xenon Xrays (XX) recently issued 180-day commercial paper with a face value of $100,000 and a simple interest rate of 7 percent. XX paid a transaction fee equal to 0.3 percent of the issue, which was taken out of the issue amount before the company received any funds. Compute the commercial paper's APR and rEAR.

Reference no: EM132698833

Questions Cloud

Why revenue model is a part of the business model : As a student of Business, state and justify why online shopping is better than in -store shopping ? Why revenue model is a part of the business model.
What happens to leftover fresh : What happens to leftover fresh produce (such as fruits and vegetables) and perishable products (milk, egg, bread, etc.) at grocery stores in the US?
Explain the murray concept of personology : Murray saw life as a story about a person's "needs" and "presses." Explain Murray's concept of personology as distinct from personality.
Health care professionals and allied health professionals : Analyze two career options in the health care industry, in terms of the educational requirements, job responsibilities, and average salaries.
Compute the commercial paper APR and rEAR : Xenon Xrays (XX) recently issued 180-day commercial paper with a face value of $100,000. Compute the commercial paper APR and rEAR
What are the differences within various regions of europe : What are the differences within various regions of Europe?
What type of business model of e-commerce used by company : What type of business model of e-commerce used by the said company. Give solid reasons of proposed business model to satisfy your answer
Article reviews for macroeconomics : Current economic events give the best opportunity to analyze the "real world" effects of the concepts discussed in class
Nursing shortages : Analyze two issues that contribute to the current nursing shortage in the U.S., and propose a strategy to rectify this employment issue.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Charlie is a single taxpayer with income of 107000 which

charlie is a single taxpayer with income of 107000 which includes 22500 of interest income. contributions to

  Prepare a multistep income statement to show the

the accounting records of speed up auto parts on august 31 2008 list the following amountscost of goods sold104000sales

  Annual rate of return of engles oil company

Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including depreciation.

  Custom metal works produces castings and other metal parts

custom metal works produces castings and other metal parts to customer specifications. the company uses a job-order

  Prepare entries for the debt service fund

The budget also included an estimated transfer in of $6,400 from the capital projects fund. Prepare entries for the debt service fund for 20X2

  Compute diluted earnings per share

Adcock issued $2,000,000 of 8% convertible bonds at face value during 2006. Each $1,000 bond is convertible into 30 shares of common stock. Compute diluted earnings per share for 2007. Complete the schedule and show all computations.

  How many months of living expenses does the article

Estimate how much you should set aside based upon your current situation. Are you closer to Cliff's scenario or to Prudence's?

  Expenses associated with jeremys store include 40000 in

jeremy and alyssa johnson have been married for five years and do not have any children. jeremy was married previously

  What is amount of the capitalization of retained earnings

What is the amount of the capitalization of retained earnings for the stock dividend? What is the per share cost of the treasury stock purchased

  Discuss the relevance of each of the givem items

Lahore Cornpany has received a special order for photo equipment it does not normally produce. The company has excess capacity.

  Cash disbursement department

A copy of the payroll summary and of the physical checks and direct deposit stubs are sent to the cash disbursement department.

  A five-year note was executed by byte for the balance.

A down payment of $32,000 in cash was made on additional computer equipment that was purchased for $160,000. A five-year note was executed by Byte for the balance.

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