The note payable relating to the june 2 and 10 transactions

Reference no: EM13573113

How do you work this Transaction?

The note payable relating to the june 2, and 10 transactions is a five year note, with interest at the rate of 12% annually. The June interest expense from this note is $1,031.33

June 2: A down payment of $32,000 in cash was made on additional computer equipment that was purchased for $160,000. A five-year note was executed by Byte for the balance.

Reference no: EM13573113

Questions Cloud

Swann company manufactures sleeping bags a heavy-duty : swann company manufactures sleeping bags. a heavy-duty zipper is one part the company orders from an outside supplier.

Rebound inc reports under ifrs in 2013 rebound recognized : rebound inc. reports under ifrs. in 2013 rebound recognized an impairment of 200000 due to a troubled debt

Capati corporation is working on its direct labor budget : capati corporation is working on its direct labor budget for the next two months. each unit of output requires 0.41

In general what do you think about religion and your : essays should be 1- 2 pages typed double-spaced spell-checked and proofread. no grammatical mistakes.please address the

The note payable relating to the june 2 and 10 transactions : how do you work this transaction?the note payable relating to the june 2 and 10 transactions is a five year note with

Compute the economic order quantity compute the ordering : corsair inc. uses 40000 plastic housing units each year in its production of paper shredders. the cost of placing an

Jackman inc makes and sells many consumer products the : jackman inc. makes and sells many consumer products. the firms average contribution margin ratio is 22 percent.

Compute the sales level required in both dollars and units : etson co. sold 20600 units of its only product and incurred a 55028 loss ignoring taxes for the current year as shown

For this discussion assume your company has hired research : for this discussion assume your company has hired research in motion rim to install and service a server to link all

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages