How much is the companys interest expense for the loan

Assignment Help Accounting Basics
Reference no: EM131805263

Problem

On 1st July 2016 a company borrows $15,000 at 8% effective interest rate for four years. Under the terms of the loan it must make annual payments on 30th June each year of $4,529. to the nearest dollar, how much is the company's interest expense for this loan for the year ended 30th June 2018?

Reference no: EM131805263

Questions Cloud

Why adjusting entries must be journalized : Why adjusting entries must be journalized even though the formal statement have already been prepared?
Ddiscuss what you consider to be important prerequisites : Ddiscuss what you consider to be important prerequisites for conducting research on human behavior by using human participants.
Synopsis of the organization and roles of the individuals : Paper on the following questions: A synopsis of the organization and roles of the individuals involved.
Find the relative frequency of winning : Consider a game in a gambling casino that pays off with probability 0.40. Yesterday 42,652 people played, and 17,122 won.
How much is the companys interest expense for the loan : To the nearest dollar, how much is the company's interest expense for this loan for the year ended 30th June 2018?
Program that was privately owned and operated : Two years ago I worked for an after school program that was privately owned and operated. The owners were very smart caring people and were driven
Find the probability that neither product succeeds : Your new firm is introducing two products, a bicycle trailer, and a baby carriage for jogging. Your subjective probabilities of success for these products.
Describe specific ethical issues keith needs to consider : Reflect on what you have learned in your readings about cultural, legal, and ethical issues related to assessment.
Diagnose and analyze the organization : Using action research a manager needs to diagnose and analyze the organization. Understanding the desired state, acting on the changes

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