User Account

All Pages

How much interest must National Co corporation pay

Assignment Help Accounting Basics
Reference no: EM133129722

Question - National Co. borrowed P100,000 for Six months from the bank. The rate is prime plus 1 percent. The prime rate was 8.5 percent at the beginning of the loan and changed to 9 percent after two months. This was the only change. How much interest must National Co. corporation pay?

Reference no: EM133129722

Questions Cloud

Calculate the current, quick and cash ratio : Selected items from Excellent Company's Statement of Financial Position had balances as follows: Cash 455,000. Calculate the current, quick and cash ratio
Explain the key concepts of business analysis planning : Explain the key concepts of business analysis planning and monitoring and explain and relate key concepts and applications of business object modelling
Case-kalamazoo brewing company : Suppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinois, Indiana, Michigan, Minnesota, Mississippi, Ohio, and
What the value of the commercial paper at maturity : The issue sold for P980,000 and has an annual interest rate of 12 percent. What the value of the commercial paper at maturity
How much interest must National Co corporation pay : The prime rate was 8.5 percent at the beginning of the loan and changed to 9 percent after two months. How much interest must National Co. corporation pay
Prepare the income statement for the current month : The paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House
What size payments is melissa making : 1. Melissa took out a loan of $16 000 at 8.4% interest compounded monthly. Melissa makes end of the month payments for 5 years.
What are the firm monthly payments to the bank : A trucking firm purchased two B-train trucks for $325 000. It paid 20% as a down payment and obtained a bank loan for the rest. The loan has a nominal interest
Inequality in china based on empirical evidence : China has witnessed a significant rise in income inequality since the early 1980s. While there has been a moderate decline in inequality since 2008, China still

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