How much total interest austal ship needs to pay

Assignment Help Financial Accounting
Reference no: EM132781567

Question - Austal Ship plans to borrow 2.89 million Australian dollars (A$) for three years. It obtains a floating rate loan from a bank at the interest rate equal to the LIBOR + 2.00 (%). Austal Ship also forecasts 3.76%, 4.43%, and 4.71% LIBOR in year1, year2, and year3, respectively. How much total interest Austal Ship needs to pay for A$2.89 millions in three years of the loan period?

Reference no: EM132781567

Questions Cloud

Determination of the principal factors : Discuss how the removal of a significant variable could influence the determination of the principal factors.
The organization supply chain characteristics : The organization's supply chain characteristics - type of supply chain, negotiations strategies, performance of the supply chain, and areas for improvement.
How ethical concerns were addressed and acknowledges : By now, you should be aware that the findings from a research study are only part of the story. As a consumer, hoping to inform practice by use of an evidence.
Undesirable activity from a manager perspective : Is monitoring an employee's work on a computer a desirable or undesirable activity from a manager's perspective?
How much total interest austal ship needs to pay : Austal Ship also forecasts 3.76%, 4.43%, and 4.71% LIBOR in year1, year2, and year3, respectively. How much total interest Austal Ship needs to pay
Assignment on transient population : Populations are effected by the birth and death rate, as well as the number of people who move in and out each year. The birth rate is the percentage
Evaluate trends in stock price : Evaluate trends in stock price, dividend payout, and total stockholders' equity. Relate recent events or market conditions to the trends you identified.
Improvement opportunity- quality tool analysis : Write on improvement opportunity in your sphere of influence. Identify your problem statement and complete a root-cause analysis.
Explain four principle of digital evidence : Briefly explain four principle of digital evidence that always been a guideline in identifying potential evidence.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Used activity based costing

Identify a company who has used Activity Based Costing and report what the company said about ABC's benefits in increasing knowledge and/or increasing shareholder value.

  Analyze the budget variance by calculating the direct labor

Analyze the budget variance by calculating the direct labor efficiency and rate variances for June. What alternatives to the preceding monthly report could improve control over the stamping departments direct labor?

  Traditional remedy for a nuisance is an injunction

The traditional remedy for a nuisance is an injunction, and the non-traditional remedy is damages. Explain in a paragraph, circumstances in which the former is more efficient than the latter, and the circumstances in which the opposite is true.

  Prepare short notes to guide training on the asymmetric

Prepare short notes to guide training on the asymmetric information, adverse selection, credit rationing, expected rate of return

  Determine the selling price of the bonds

The Windsor Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Windsor has decided to locate a new factory in the Panama City area. As the controller o..

  What is their charitable contribution deduction for year

Mr. and Mrs. Kroger gave their church $500,000 in a year when their AGI was $200,000; they made no other contributions. What is their charitable contribution deduction for that year? Ben’s adjusted gross income for 2013 was $175,000. Acquisition Inde..

  Transfer of property from several shareholders

Formation of Corporation with Transfer of Property from Several Shareholders at Different Times (LO. 1, 7) Jane, Jon, and Clyde incorporate their respective businesses and form Starling Corporation. On March 1 of the current year, Jane exchanges her ..

  Identify whether they are safeguards created by profession

using different partners and teams with separate reporting lines for the provision of non-assurance services to an assurance client.

  Uses a process-cost accounting system

Masterson, Inc., which uses a process-cost accounting system, passes completed production from Department A to Department B for further manufacturing. The journal entry to record completed production in Department A requires:

  How much should the owner of machine charge per hour

A track dozer cost $165,000 to purchase. Fuel, oil, grease, and minor maintenance are estimated to cost $35.00 per operating hour. A major engine repair costing more than $26,000 will probably be required after 7,200 hrs of use. How much should the o..

  Denomination defiance bond

Consider Defiance Manufacturing Company's 8% bonds that mature on April 15, 2026. Assume that the interest on these bonds is paid and compounded annually.

  Analyze the operating efficiency of the firm

Analyze the operating efficiency of the firm. Analyze the short term liquidity of the firm. Analyze the profitability of the firm.

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