User Account

All Pages

How much would have had in the bank

Assignment Help Financial Accounting
Reference no: EM132790247

problem 1: Merilyn, the owner of a small internet hosting business, loaned $4000 to an employee who promised to repay her $4600 after 8 months. Instead of loaning this money, if she had invested it in her local bank where the interest rate was 1.5% less than what she was offering her employee, how much would she have had in the bank at the end of 8 months? HINT: First calculate the interest rate that would have been charged on the loan.

Select one:

a. $4445.32
b. $4839.22
c. $4439.65
d. $4193.85
e. $4560.00

Reference no: EM132790247

Questions Cloud

Find what is the future value of the investment cash flows : Greg Woolmer has an investment, If his investments typically earn 7.65 per cent, what is the future value of the investment's cash flows at the end of 5 years?
What is the annual average compound growth rate : Suppose that's the NASDAQ composite index hit, In February of 1991 it was at a level of 4,680. What is the annual average compound growth rate over the period?
Assessment - Ethical and Policy Factors in Care Coordination : Assessment - Ethical and Policy Factors in Care Coordination - Create a detailed narrative script for your presentation, 4-5 pages in length
Calculate the value of mpc and mps : In a 2-sector economy, when the income increases from RM400 million toRM450 million, consumption increases from 200 million to 230 million.
How much would have had in the bank : How much would she have had in the bank at the end of 8 months? HINT: First calculate the interest rate that would have been charged on the loan.
Who has control of the money supply in the us economy : Who has control of the money supply in the US Economy? How does Open Market Policy work?
Prepare the december stockholders equity section : Stellar Company reported the amounts. Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $321,000
How can a manager influence the budgeting process : How can a manager influence the budgeting process and ensuring budgetary numbers in unethical ways? Are there ways to identify and control this type of behavior
Allocate costs incurred by capital to appropriate columns : Allocate the costs incurred by Capital to the appropriate columns and total each column. On March 31, 2020, Capital Investment Advisers paid $4,490,000

Reviews

Write a Review

Financial Accounting Questions & Answers

  How inflation relates to the time value of money

Explain how the time value of money affects your personal savings and investment decisions. Discuss how inflation relates to the time value of money

  How long does mr z have to pay before account is overdue

400 units of inventory at a unit price of P125. Miss X, the supplier, offers terms of 1/10, net 30. How long does Mr. Z have to pay before account is overdue.

  Illustrate who discovered the fraud

Illustrate who discovered the fraud? Did external auditors discover or fail to discover the fraud? Were external auditors implicated in the fraud?

  What is the clinic current level of business debt

What is the clinic's current level of business debt? A not-for-profit clinic is required to make monthly payments of $31,819.65 for the next 10 years

  Breaking costs into their fixed and variable components

All costs can be categorized as fixed and variable, as illustrated by the Cost Estimating Equation, TC = FC + V (X), where V is the linear variable cost per unit of activity, X.

  What is effective annual interest rate is client paying

What is effective annual interest rate is your client paying on the loan? Your client has just purchased a business for $200,000 and made a cash payment for 20%

  Holding period of the stock cougar continues to hold

Cougar Corporation owns 1,000 shares of Western Corporation common stock, which it purchased on March 8,2010 for $12,000. On October 3,2016, Cougar purchases an additional 300 shares for $3,000. On October 12,2016, it sells the original 1,000 shares ..

  Calculate the weighted cost of capital

Corporations often use different costs of capital for different operating divisions. Using an example, calculate the weighted cost of capital (WACC). What are some potential issues in using varying techniques for cost of capital for different divisio..

  Present value exceeds the projected net present value

Ginger Company recently installed a postaudit program. To motivate their employees to take the program seriously, Ginger established a bonus program. Managers receive a bonus equal to 10 percent of the amount by which net present value exceeds the pr..

  Calculate the amount of the required payment at age 28

Calculate the amount of the required payment at age 28 if you are to remain on track for retirement. - Calculate the value of the investment at year-end 2015.

  What is mean by the term compliance in business

Please explain what is mean by the term compliance in business?

  What amount of cash dividends was received by shareholders

What amount of cash dividends was received by ordinary shareholders in 2019? What amount of cash dividends was received by preference shareholders

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