What are the proceeds of the sale

Assignment Help Accounting Basics
Reference no: EM132902460

Question - Gage Machinery sold some equipment for $4,000 and established a promissory note requiring 7.25% compounded quarterly and due in 3% years. After 1%% years, the note was sold to a finance company at a discount rate of 45.60% compounded monthly. What are the proceeds of the sale?

Reference no: EM132902460

Questions Cloud

How much is the value of Bond Quartz : Bond Graphite - Php500,000 face value bond with a 5-year tenor carrying 8.0% coupon issued two years ago. How much is the value of Bond Quartz
Create the dichotomous variables : Your firm just launched a new product and has solicited a large number of potential customers to rate its effectiveness between 0 and 100. You are particularly
What is a description of the trading strategy : What is a description of the trading strategy where investor sells a 3-month call option and buys one-year call option, where both options have a strike price?
Intervention technique for organizational change : How can benchmarking become an intervention technique for organizational change?
What are the proceeds of the sale : After 1%% years, the note was sold to a finance company at a discount rate of 45.60% compounded monthly. What are the proceeds of the sale
What would be the total interest paid : If the interest rate on cash withdrawals is 28%, what was her total bill when she got home? What would be the total interest paid?
Changing the way consumer thinks : It is said that advertising is changing the way consumer thinks and hence effects the society at large. Do you agree? Support your answer with logical explanati
What is another phrase for remembering order of operations : PEMDAS and GEMDAS are acronyms for remembering the order of operation. What is another phrase for remembering order of operations
Prepare the aje required on july : Prepare the AJE required on 31 July 2017, the end of the financial year. Assume an annual accounting period ending on that date.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd