User Account

All Pages

Determine the principal value of the note

Assignment Help Accounting Basics
Reference no: EM132465310

Problem - Given the following information concerning a promissory note:

Interest Rate: 12%

Term: 120 Days

Interest: $228

Required - Determine the principal value of the note.

Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.

Reference no: EM132465310

Questions Cloud

Is this a probability distribution : In a study of families with children with disabilities, groups of 6 US households were randomly selected. In the table below, the random variable x represents
What selling price to in order to reach stockholders : Assume that Bramble Company sells the same number of units in 2017 as it did in 2016. What would the selling price have to be in order to reach the stockholders
List the sample space : What is the probability that I will roll a 3 on one of them when I roll both at the same time?
Determine information concerning consumer behavior : Problem: A sample of 1000 households was selected in Los Angeles to determine information concerning consumer behavior.
Determine the principal value of the note : Problem - Given the following information concerning a promissory note: Interest: $228 and Term: 120 Days. Determine the principal value of the note
Match occurs during the six trials : Otherwise, the experiment is called a failure. The outcome space is O = {success, failure}. Let event A = {success}. Which value has P(A)?
Determine Xs small business deduction : X Ltd. and Y Ltd. are associated and Y claimed the small business deduction on $200,000 of active business income. Determine X's small business deduction.
Difference between in-text citations and references : Explain the difference between in-text citations and references, and why they're necessary.
What are consolidated sales and consolidated cost : Pot Co. holds 90% of the common stock of Skillet Co. What are consolidated sales AND consolidated cost of goods sold for 2011

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