User Account

All Pages

How much did your friend earn in interest

Assignment Help Accounting Basics
Reference no: EM133063922

Question - Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 2.00%. How much did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days?

Reference no: EM133063922

Questions Cloud

Explain how project would create business value : Before projects are approved, the project sponsors need to explain how the project would create business value
What total revenue is required for a net income : Tabitha manufactures a product that sells very well. The capacity of her facility is 239,000 units per year. What total revenue is required for a net income
Government moves ahead with controversial localisation : The title of a recent article was: "Government moves ahead with controversial 'localisation' plans for some products in South Africa".
Create distortions or deadweight loss : Explain with the help of a clearly well labelled diagram why park fees create distortions or deadweight loss in this case?
How much did your friend earn in interest : Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. How much did your friend earn in interest
Original example of product differentiation : -Discuss the two ways that product differentiation affects the demand for the product. Give an original example of product differentiation.
Learning characteristics of autistic learners : What are some social, personality, and learning characteristics of autistic learners?
What is the net present value of the project : The project's beta is 1.4. Assuming rf = 4% and E(rM) = 14%. What is the net present value of the project
How could such discrimination be measured : Does this mean there is no discrimination against Russians in the United States? If not, how could such discrimination be measured?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cash flows before taking account of depreciation

SCENARIO ANALYSIS Your firm, Agrico Products, is considering a tractor that would have a cost of $36,000, would increase pretax operating cash flows before taking account of depreciation by $12,000 per year, and would be depreciated on a straight-..

  Which statements correctly describe the term conversion cost

Which statements correctly describes the term "conversion costs"? the cost incurred for direct and indirect materials during production

  How rental income billy dent include on income tax return

Received in December 2010 rent not due until January 2011 ...4000, How rental income must Billy Dent include on his 2010 income tax return

  What the gold standard system of exchange rates was

What the gold standard system of exchange rates was? allowed nations full control over the amount of the domestic currency in circulation.

  The accountant for milton inc is preparing the budgets for

the accountant for milton inc. is preparing the budgets for operating department support service costs. maintenance

  Prepare a cash budget

McBride Medical had a cash balance of $7,000 on Jan.1st. Required: Prepare a cash budget."

  Prepare an adjusted trial balance

Prepare an adjusted trial balance. Prepare an income statement and a retained earnings statement for December and a classified balance sheet at December 31.

  Discuss what is the net income and net profit margin

what was the sales revenue. if the company had a return on assets of 6%, what is the net income and net profit margin

  Handy home sells windows and doors in the ratio of 73

handy home sells windows and doors in the ratio of 73 windowsdoors. the selling price of each window is 105 and of each

  Discuss harris corporation produces a single product

Harris Corporation produces a single product. Last year, Harris manufactured 33,930 units and sold 28,300 units

  Investor company income statement

The income from an equity investee is reported on one line of the investor company's income statement except when:

  Evaluate the propriety of mathias plan

Mathias has been the sole proprietor of a clothing store for many years. Evaluate the propriety of Mathias's plan

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