How much interest will akida receive at maturity

Assignment Help Financial Accounting
Reference no: EM132918782

Question - Akida has invested $8,000 in an 18-month GIC that pays 5.24% compounded annually. How much interest will Akida receive at maturity?

Reference no: EM132918782

Questions Cloud

Prepare journal entries to record the retirement : Prepare journal entries to record the following retirement - 7.5% bonds payable due December 31, 2029 $3,000,000
What is the per-unit cost for each product : What is the variable cost per copy if GEM uses the high-low method to analyze costs and How much would GEM Ltd pay if it made 7,500 copies?
Give example of a manager : How managers use quantitative management these days give example of a manager who is working in an organization?
Prepare the journal to record the depreciation expense : Prepare Journal Entry for Depreciation Expense: A car was bought for $20,000. The useful life is 5 years. Prepare the Journal to record the depreciation
How much interest will akida receive at maturity : Akida has invested $8,000 in an 18-month GIC that pays 5.24% compounded annually. How much interest will Akida receive at maturity
What the balance of warranty liability at December : Bob follows expense approach for the original warranty. What the balance of warranty liability at December 31, Year 8
How much is in account at end of twenty-seven month period : Alfonso invests $9,000.00 at 4.3% simple interest for 27 months. How much is in the account at the end of the 27 month period?
What is the value of one share of this stock to you today : Luca Corporation has announced that it plans on offering $3.2 a share dividend at the end of this year. What is value of one share of this stock to you today
Identify and describe two critical thinking methods : Identify and describe two critical thinking methods that may be used to identify complex issues in the workplace

Reviews

Write a Review

Financial Accounting Questions & Answers

  How large is each coupon payment

If the yield rate is 7.8% compounded semi-annually, how large is each coupon payment? A 11-year bond with a face value of $6000 is redeemable

  Compute the correct cash in bank balance

The cash in bank balance per ledger is P400,000. You determined that the entity recorded a P50,000 check payment as P5,000. Compute correct cash in bank balance

  Research on the internet the efficient market hypothesis

BUS 330 - Discuss the four major conflicts that may occur with the objective of shareholder value maximization. For each conflict explain why it arises

  Dollar amount of accounts written off during the period

A review of the financial statements of Palm Co. revealed a beginning and ending allowance for uncollectible accounts balance of $19,500 and $17,160 respectively. If the uncollectible accounts expense for the period was $10,410, hat was the total dol..

  How to record the journal entry for the exercise of stock

How to Record the journal entry for the exercise of stock warrants on February 22, 2021. Prepare the journal entries for fiscal year 2018.

  To execute job production

To execute job production, a foreman would typically not need

  Moral principles that guide conduct of individuals-ethics

Professional Moral principles that guide the conduct of individuals. Ethics. A fertilizer manufacturing company wants to relocate to Yellowstone County. A report from a fired researcher at the company indicates the company's product is releasing toxi..

  What does an accountant do

What does an accountant do? What is an auditor? Someone who verifies the accounting information of a firm. / Someone who is a good listener.

  Find and calculate the accounting rate of return

Lolo Ltd requires a payback period of no more than 4 years and a return of at least 30%. On the basis of these criteria, should this project be accepted?

  Compute the incremental cash flows of the investment

Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, Compute the incremental cash flows of the investment

  Determine whether to apply accounting to kansas city

Describe the rules to determine whether to apply fresh start accounting to Kansas City and if fresh start accounting is appropriate, how will this company's assets be reported?

  Explain why would a bond be sold on a premium or discount

Explain in a paragraph when and why would a bond be sold on a premium or discount? You may use graphs, equations, or other aids to assist

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