User Account

All Pages

How much simple interest did the account earn

Assignment Help Accounting Basics
Reference no: EM133027254

Question - On April 1st, Theresa O'Malley deposited a check for $9,364.85 in a savings account that pays 4% simple interest calculated on a daily basis. On April 6th, she withdrew $2000. On April 20, she withdrew another $2000. Finally, on April 28th, she deposited $525.25. On April 30th, the bank calculated the interest for the month? How much simple interest did the account earn?

Reference no: EM133027254

Questions Cloud

Determine the total cost that should have been recorded : Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on March 21
What is his percentage return : The investor decides to "unwind" his position and liquidate all shares owned. Ignoring commissions, what is his percentage return
Determine the minimum taxable income for each : For the taxation year ending December 31, 2020, the engineering services business had income of $21,250. Determine the minimum Taxable Income for each
Calculate LRI taxable income-loss : Management anticipates using all of the loss carry forwards within the allowable carry forward period. Calculate LRI taxable income-loss
How much simple interest did the account earn : Finally, on April 28th, she deposited $525.25. On April 30th, the bank calculated the interest for the month? How much simple interest did the account earn
Explain dominant images of change : What are your "dominant" images of change? (see question 1 on page 51)
Calculate expected net income : Calculate Expected Net income of 2022 of Zabir Group. Assume current sales in 2021 is $6500, Cost $1500 and tax rate 20%
Improving the gender equity : Alison Wynn's research suggests that the Technology industry's tactics for addressing gender inequity in the field, with unconscious bias awareness programs and
Creating a sense of urgency around change : What is a process for creating a sense of urgency around change?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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