User Account

All Pages

Determine the ending balance due use the US Rule

Assignment Help Accounting Basics
Reference no: EM132523566

Question - Shawn Bixby borrowed $34,000 on a 180-day, 10% note. After 70 days, Shawn paid $3,700 on the note. On day 115, Shawn paid an additional $5,700. Use ordinary interest.

Required -

a. Determine the total interest use the U.S. Rule.

b. Determine the ending balance due use the U.S. Rule.

Reference no: EM132523566

Questions Cloud

Find how would the costs be considered in product costing : Manufacturing costs, What specific types of SG&A costs would the company incur? How would these costs be considered in product costing?
Run a regression estimating the alpha and beta for capm : Run a regression estimating the alpha and beta for CAPM and run a second regression estimating the alpha and three betas for FFTFM.
Calculate the static budget variance : Calculate the Static Budget Variance. You must correctly identify the amount of the variances and if they are F (favorable) or U (unfavorable).
Current fair price of stock according to capm : Stock A is expected to pay a dividend of $2 at the end of this year, and its expected end-of-year price is $40. If the stock's beta is 0.9, market risk premium
Determine the ending balance due use the US Rule : After 70 days, Shawn paid $3,700 on the note. On day 115, Shawn paid an additional $5,700. Use ordinary interest. Determine the ending balance due use US Rule
Find the cash flows in post-depreciation of sf : Consider a Swiss subsidiary (Swiss AS) of a US firm, Kendall Systems.
What the fixed overhead production volume variance is : What The Fixed Overhead Production Volume Variance is? The Variable Overhead Spending (Rate) Variance is, The Variable Overhead Efficiency Variance is
Computing the dividend yield : BMM Industries pays a dividend of $2 per quarter. The dividend yield on its stock is reported at 4.8 percent. What price is the stock selling at?
What would be the amount of georges total capital gain : George does not have any information as to how much was originally paid for the watch. What would be the amount of George's total capital gain

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