Compute the interest earned over this period

Assignment Help Accounting Basics
Reference no: EM133155454

Question - A sum of $2000 is invested from January 22, 2022 to February 28, 2022 at 11% simple interest rate. Compute the interest earned over this period. (Assume 365 days in a year)

Reference no: EM133155454

Questions Cloud

What the total amounts distributed to preferred stockholders : The total cash dividend declared this year is $420,000, the total amounts distributed to preferred and common stockholders are, respectively
Calculate the principal payment for year : To finance the expansion, they would take out a $3.95 million loan with an interest rate of 4.15%, Calculate the principal payment for year 14
What is the cost of goods sold for the? year : Oaktree, Inc. is a merchandiser of inlaid wooden boxes. The company sold 6,500 units during the year. What is the cost of goods sold for the? year
Compute the materials activity variance : Budgeted total spending on direct materials = $110,000. Use the information presented for Great Outdoors to compute the materials activity variance
Compute the interest earned over this period : A sum of $2000 is invested from January 22, 2022 to February 28, 2022 at 11% simple interest rate. Compute the interest earned over this period
Understand the primary underlying concepts of the internet : Different states in Australia based on the number of Internet users in those states. The number of Internet users for each state
What was the total cost incurred during the period : If the October 1st Work in Process consisted of 5,000 units with a total cost of $220,000, what was the total cost incurred during the period
What is the difference between income and revenue : What are the main similarities and differences between the various types of profit margin ratios? What is the difference between income and revenue
Calculate the balances in the accounts : Based solely on the information provided, calculate the balances in the following accounts on the consolidated financial statements for 20X9 - Inventory

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