How much interest will be due on October

Assignment Help Accounting Basics
Reference no: EM132437196

Question - On August 21, Alix Company receives a $2,000, 60-day, 6% note from a customer as payment on her account. How much interest will be due on October 20-the due date?

Reference no: EM132437196

Questions Cloud

How many net atp are produced during glycolysis : How many net ATP are produced during glycolysis? Where does glycolysis take place?
On what amount is the Federal gift tax computed : Elizabeth made taxable gifts of $3,850,000 in 2019 and $5,005,000 in 2020. On what amount is the Federal gift tax computed for the 2020 gift
Treatments of bulimia nervosa eating disorder : Question: Compare and contrast the diagnosis, characteristics, and treatments of bulimia nervosa eating disorder.
Why carbs are needed for normal metabolism : Give a metabolic explanation for why carbs are needed for normal metabolism.
How much interest will be due on October : On August 21, Alix Company receives a $2,000, 60-day, How much interest will be due on October 20-the due date
Why carbs are needed for normal metabolism : The low carb diet has been popular for weight loss. Discuss why it promotes the formation of ketones. Is this helpful? Why/why not?
Identify credible sources of public health data : The ability to identify credible sources of public health data is a critical competency for public health workers.
What strategies could they use to develop a growth mindset : What strategies could they use to develop a growth mindset?what specifically could that person do change their mindset from fixed to growth?
What are the journal entries for this question : Your estimated valuation of Shen-n-Doah is $100,000,000 and you have authorized 15,000,000 shares of stock. What are the journal entries for this question

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd