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Question - Eastwest Bank extended a 3-year $5,000,000 loan to Nick Company on January 1, 2020. The interest rate agreed upon is 7%. The bank incurred direct and indirect origination costs of $75,100 and $50,000 respectively, but collected origination fees of $328,230 from Nick Company. The effective interest rate is 9%. On December 31, 2020, how much is the total receivable related to the loan to Nick Company?
Bank service charges for September R.O. 40, check erroneously charged by bank R.O. 300. What should be the adjusted cash balance at September
Discuss how risk and profitability factors cause differences in price-earnings ratios across firms. Explain the difference between abnormal and normal earnings.
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock
In February, gross earnings in Napoli Company totaled $75,000. All earnings are subject to 7.65% FICA taxes, Prepare the entry to record February payroll tax
What has the city included in the introductory section of its CAFR? What significant accounting policies are discussed in the first note?
Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2016
What is the break-even point in units and sales dollars? What sales level in units and in sales dollars is required to earn an annual profit of $62,900
Dividends of $119,000 were declared in each of these two years. What is the equity method balance of Domingo's Investment in Martes, Inc., at December 31, 2015?
Compute the present values of the $51,970 receivable at the end of each period for 7 periods periodic amounts due at the end of the designated periods.
The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000.
following balance sheet of ms combined industries relates to the year ended december 31 2000.assetrsliabilities and
Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits $5,000, what would be the total increase in checking account balances throughout all banks?
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