Non-interest bearing note to the bank

Assignment Help Financial Accounting
Reference no: EM13751974

Bill's company issued a 100,000 non-interest bearing note to the bank at a 15% discount for the note. What are the proceeds to Bill's company?

Reference no: EM13751974

Questions Cloud

Discuss the effectiveness and the limitations of cognitive : Discuss the influence one component has on the others - Discuss the effectiveness and the limitations of cognitive behavioral intervention?
Straight line method the double declining balance method : ABC bought company car for 35,000 which will be replaced in 4 years with a salvage value of 10,000. Prepare the depreciation table using the straight line method the double declining balance method. What will the depreciation expense be if the car wi..
How is the term civilized misused : How is the term civilized misused?
Who said that nothing is lovelier than horticulture : Who said that Nothing is lovelier than horticulture and To each man his own private creed. Superstition shall not lose its rights.
Non-interest bearing note to the bank : Bill's company issued a 100,000 non-interest bearing note to the bank at a 15% discount for the note. What are the proceeds to Bill's company?
What will uncollectible accounts expense be : If 5% of outstanding receivables will be uncollectable, and the balance in accounts receivable is 200,000, with an allowance account of 3,000 credit balance before adjust ment at the end of the year, what will uncollectible accounts expense be?
Describe the five phases of a project : Determine which project might be implemented and why e.g. feasibility study, breakeven analysis, etc. Describe the five phases of a project
First two interest periods using effective-interest method : On March 1, 2014, Oaken Furniture Co. issued $700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in 10 years. Oaken Furniture Co. is a calendar-year corporation. Determine t..
What is the problem on issue that you want to tackle : What is the problem on issue that you want to tackle - what's your position? what's your argument?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Effects of forfeitures and income taxes should be ignored

Over how many years should Sooner or Later recognize compensation cost associated with the stock options, and how much, if any, should be recognized in each of those years? The effects of forfeitures and income taxes should be ignored.

  How much of the supplies variance is due to a change

Using the information in the table below, determine how much of the supplies variance is due to a change in volume.

  Multiple choice questions related to depreciation1nbspa

multiple choice questions related to depreciation.1.nbspa plant asset with a five-year estimated useful life and no

  Q porter corporation owns all 26000 shares of the common

q. porter corporation owns all 26000 shares of the common stock of street inc. porter has 60000 shares of its own

  Problem on finance lease

Instead od acquiring the plant for $31,864, assume that Cherry Ltd manufactured the plant at a cost of $29,500 before entering into the lease agreement with Hazel Ltd. Prepare a schedule of lease receipts for Cherry Ltd and the journal entries for..

  Financial statements are prepared on a calendar-year basis

On October 1, 2014, Arden Farm Equipment Company sold a pecan-harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash payment Valco Brothers Farm gave Arden a 2-year, $157,000, 10% note (a realistic rate of interest for a note of this type)..

  Date of consolidation

During the year, P sold goods to S for $85,800 at a mark-up of 25% on cost. 30% of these goods are still on hand at the date of consolidation.

  It is the end of a reporting period because there are more

it is the end of a reporting period. because there are more people than usual retiring this year your manager has asked

  Contract to complete a cost reduction program

On January 1 Revis Consulting enters into a contract to complete a cost reduction program for Green Financial over a six-month period. Green will pay Revis $20,000 at the end of each month. If total cost savings reach a specific target, Green will pa..

  Assume that the securities are available-for-sale securities

As a long-term investment, Fair Company purchased 20% of Midlin Company’s 300,000 shares for $360,000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $135,000 and distributed cash dividends of $0..

  How does consolidation process tend to disguise information

how does the consolidation process tend to disguise information needed to analyze the financial operations of diversified organization?

  Calculate the quoted selling price for each job

Calculate the total costs of each job - calculate the quoted selling price for each job.

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