Determine the proceeds of the note

Assignment Help Accounting Basics
Reference no: EM132075200

Question - On August 1, Bastion Company issued a 312-day note with a face amount of $75,000 to Jackson Company for merchandise inventory. Determine the proceeds of the note assuming the note is discounted at 4.7%?

Reference no: EM132075200

Questions Cloud

Determine the interest paid on june : If the bonds pay interest on June 30 and December 31 and if the effective rate of interest is 11%, Determine the interest paid on June 30
Determine the amount and recipient of the partner bonus : Courtney contributes $28,000 to receive a 33% interest in a new partnership with Lawrence. Determine the amount and recipient of the partner bonus
Calculate the payback period for this investment : ACCT346 Assignment - Wrigley's Wrecker Service is considering the purchase of a specialized tow truck for its small fleet. Calculate the payback period
Define characteristics of renaissance humanism in art : What are the major characteristics of Renaissance Humanism in art? Choose one artwork (painting, sculpture, or architecture) that was created in Italy.
Determine the proceeds of the note : Jackson Company for merchandise inventory. Determine the proceeds of the note assuming the note is discounted at 4.7%
Prepare the cash flows from operating activities : Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method
Do you think your organization appraisals are beneficial : Do you think performance appraisals still serve a purpose in management efforts? How often does your organization conduct performance appraisals?
How would you design a leadership course differently : Recent genetics research on leadership by Dr. Richard Avey suggests about 30% of leadership is born (genetic), 30% is made in the formative years.
What did the authors describe as a cornerstone : What did the authors describe as a cornerstone in examining IT value? Which of the following is a standard of the HIPAA Security Administrative Safeguards?

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