User Account

All Pages

Find what is the initial recognition of the notes

Assignment Help Accounting Basics
Reference no: EM132604537

Question 1: On January 1, 2020, Jerome Co. received a 10%, four-year note from a customer. The interest on the note is paid every June 30 and December 31. The note has a face value of ?3,500,000. The effective rate applicable on the note is 12%. What is the initial recognition of the notes?

A. ?3,282,657.22

B. ?3,287,385.55

C. ?3,726,212.45

D. ?3,721,890.58

Reference no: EM132604537

Questions Cloud

Energy and protein requirements for infant : What are the energy (kcal) and protein requirements for an infant from age 0-6 months and 6 months to 1 year?
What can be deducted on her final income tax return : What can be deducted on her final income tax return? The property had an adjusted basis of $270,000, a fair market value of $284,000
What principles of strategic communications : What principles of strategic communications, including crisis management and issues management, could the CDC use to win back
MREGC5101 Basic Quantitative Skills For Reliability : MREGC5101 Basic Quantitative Skills For Reliability Engineering Assignment Help and Solution, Federation University - Assessment Writing Service
Find what is the initial recognition of the notes : Find What is the initial recognition of the notes? The note has a face value of ?3,500,000. The effective rate applicable on the note is 12%.
Requirements for general duty clause violations : Using the requirements for General Duty Clause violations in Chapter 4 of the OSHA Field Operations Manual (FOM) and any additional information
What is the allowance for doubtful accounts at year-end : At year-end, The entity estimates the uncollectible accounts at 2% of Net Sales. What is the Allowance for Doubtful Accounts at year-end?
Examine the structure of the us legal system : Competency: Examine the structure of the U.S. legal system and government as it relates to ethics, law, and core principles of public health.
What is the allowance for doubtful accounts at year end : During the current year, It is estimated that 5% of net sales may prove uncollectible. What is the Allowance for Doubtful Accounts at year end?

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