Find the ordinary interest

Assignment Help Accounting Basics
Reference no: EM133069822

Question - A loan for $2,000 with a simple annual interest rate of 20% was made on September 4 and was due on November 5. Find the ordinary interest?

Reference no: EM133069822

Questions Cloud

What is corporate finance : What is Corporate Finance and what does it include? What is the importance of corporate finance?
What is the percentage change in the price : Laurel, Inc., and Hardy Corp. both have 5.8 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, I
What is the promised yield-to-maturity : Prices for zero-coupon corporate bonds with face values of $1,000 and one year until maturity are summarized in the following table:
Find the net amount to be recognized : The fair value less costs to sell of the herd at Dec. 31, 2019 is 1,400,000. Find the net amount to be recognized in 2019 profit or loss
Find the ordinary interest : A loan for $2,000 with a simple annual interest rate of 20% was made on September 4 and was due on November 5. Find the ordinary interest
Describe capital structure : Mary Francis has just returned to her office after attending preliminary discussions with investment bankers. Her last meeting regarding the intended capital st
What was the minimum amount Alex could borrow : Linda Davis agreed to lend money to Alex Luciano at a special interest rate of 8% per year, What was the minimum amount Alex could borrow
Calculate the intrinsic value of lfm stock : LFM Corporation has an estimated free cash ?ow to equity {FCFE} of $2.50 per share in the current year. Moreover, its FCFE is expected to grow at a constant rat
What is the immediate net cash position : Ted and Terri Tomkin, both aged 35, have three small children. Talia age 10, Tony age 8, and Tania, age 3. The Tomkin's want to ensure that they have adequate r

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cindy neuers regular hourly wage rate is 16 and she

cindy neuers regular hourly wage rate is 16 and she receives an hourly rate of 23 for work in excess of 40 hours.

  How many units should be ordered each time

If the holding cost per unit was $6 instead of $5, what would be the optimal order quantity? To minimize the total cost, how many units should be ordered each time an order is placed?

  Make the journal entries to record the transactions

June 10: Paid Flower Manufacturing the balance on account. Using a perpetual inventory system, make the journal entries to record the transactions

  How the auditor could confirm or dispel

An employee can authorize medical insurance claims and enter them into the system for payment without supervisory review. What might happen?

  Discuss the ethics of jerry hasbrow action

On January 15, the purchaser returns $1,750 worth of paper for full credit (approved by Hasbrow) against the bill. Discuss the ethics of Jerry Hasbrow action

  Define the treasury stocks

Define the Treasury stocks,Partnership,Stockholders 'equity,Paid-in Capital ,Retained earnings,Common and preferred stocks (characteristics)

  Ameen company purchased a building for 36 million ameen

ameen company purchased a building for 36 million. ameen uses straight-line depreciation for financial statement

  How much expense should be deducted from revenues

In completing the engagement in question 3.4, Gale incurs $2000 of expenses in March, How much expense should be deducted from revenues

  What is the current price of the stock

If there is $22,000 in earnings available to common stockholders and Holtzman's stock has a P/E of 18 times earnings per share, what is current price of stock

  Identify the accounts payable audit objectives

Identify the accounts payable audit objectives that auditors must consider in determining the audit procedures to be performed

  Are there any losers with the tui system described

Are there any losers with the TUI system described in this case? If so, who are they? Is this system justified despite creating losers Of the five competitive forces discussed in this case, which do you think TUI system affects?

  What is the recognized gain or loss

On October 12, 2008, 100 shares of stock were sold for $14,000. Harold did not specifically identify shares of stock sold. What is the recognized gain or loss

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