User Account

All Pages

How much is the direct origination fee

Assignment Help Accounting Basics
Reference no: EM133011667

Problem - On April 1, 2021, Lunar Company loaned P20,000,000 to Eclipse Company. The loan is to repayable after 5 years. Interest on this loan is 3% annually every April 1 of each year starting 2022. Direct origination cost of P478,991 was paid by Lunar and direct origination fee was deducted to the proceeds received by Eclipse Company. The interest effective on this loan is 5% after the origination costs and fees. How much is the direct origination fee?

Reference no: EM133011667

Questions Cloud

Estimate the monthly fixed cost and variable cost per loan : State the cost equation for State Library of South Australia. Estimate the monthly fixed cost and the variable cost per loan using the high-low method.
Determine the differential income or loss : Salty Snacks would like to lease the half of the building for the next 5 years at $100,000 each year. Determine the differential income or loss
Concepts and procedures for cyber security : Demonstrate one or more of the required Observation tasks to a satisfactory level, they will be given a second opportunity to demonstrate the unsatisfactory
What would abc co estimated cost of equity : What would ABC Co's estimated cost of equity if it were to change its capital structure to 40 percent debt and 60 percent equity?
How much is the direct origination fee : On April 1, 2021, Lunar Company loaned P20,000,000 to Eclipse Company. How much is the direct origination fee
What will be the balance in the account : Suppose you deposit $1,000 today in an account that pays interest at an annual rate of 5%. What will be the balance in the account
What will be the company dividend six years from now : The last dividend it paid (T = 0) was $.90 a share. What will be the company's dividend six years from now
Identify the network security architecture : Implement and demonstrate your solution to the give brief in the Supporting document section of this assessment. You will be required to take screenshots
Develop wlan security checklist : Why is it important to keep your anti-virus (AV) updates for defending against new cyberattacks - Develop WLAN security checklist that can be deployed

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine what the current balance equals

The Krug Company's Accumulated Depreciation account has a $13,500 balance to start the year. Determine what the current balance equals

  Angela purchased a car for 30000 by putting 20 down in cash

part a angela purchased a car for 30000 by putting 20 down in cash with the balance due as a note payable. journalize

  Compute the depreciation expense to be recognized each year

Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method

  Calculate the amount either debited or credited

15% stock dividend when the market value was $10 per share. Use this information to calculate the amount either (debited) or credited to retained earnings.

  Dividends and working capital requirements

The beta of the stock is 1.05, and there were 200 million shares outstanding (trading at $60 per share), with a book value of $5 billion. Union Pacific paid 40 percent of its earnings as dividends and working capital requirements are negligible. (..

  Prepare an adjusting entry

On March 1, 2015, the company received a room rent payment for one year of Rp 180,000,000 which was recorded as a nominal account. Prepare an adjusting entry

  If the mercahdise cost 5000 insurance in transit cost 250

if the mercahdise cost 5000 insurance in transit cost 250 tarriff cost 75 processing the pruchase order by the

  Pag inc is a clothing retailer and it has terms from one

pag inc. is a clothing retailer and it has terms from one of its vendors of 110 n30. compute the equivalent annual rate

  Research the annual report of telstra and singtel optus

Each member of the group is to research the annual report (and corporate website) for one major publicly listed Australian corporation

  Describe how the organizational ethical issue was detected

many organizations have been in the news over the past few years due to accounting ethical breaches that have affected

  Corporate pension funds projected annual returns

Why do you think U.S. corporate pension funds projected annual returns for private equity to be higher than that of hedge funds for the 2009-2013 period?

  Complete the tabulation

For each of the following transactions, complete the tabulation, indicating the amount and net effect (+ for increase and - for decrease) of each transaction

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