What is the annual interest cost on the loan

Assignment Help Basic Statistics
Reference no: EM132092696

Francis Construction Co. has an outstanding bank loan of $600,000 at an annual interest rate of 8%. The company is required to maintain a 20% compensating balance in its chequing account. What is the annual interest cost on the loan?

Reference no: EM132092696

Questions Cloud

Develop simple scripts to manage the user and file system : Write a script to make sure that user home directories are owned and only accessible by the owner.
Financial management is significantly influenced : Financial management is significantly influenced by specific factors, is it Microeconomic, Macroeconomic or personal?
Inventory for the upcoming seasonal rush : Your employer needs to borrow $550,000 to finance inventory for the upcoming seasonal rush.
Develop a system scope document : HS2061 : Develop a system scope document. The system capabilities and what it must achieve as a minimum.
What is the annual interest cost on the loan : The company is required to maintain a 20% compensating balance in its chequing account. What is the annual interest cost on the loan?
Calculate key financial ratios for an asx listed company : Accounting and Finance for Business - Business Analysis and Interpretation - calculate key financial ratios for an ASX listed company and its competitor
Develop a project plan which includes the applicable tasks : Develop a project plan which includes the applicable tasks for each of the major areas listed below for each element of the IT audit mentioned above.
How long do you have to pay the supplier to receive : How long do you have to pay the supplier to receive that discount? If you don't get the discount, how long do you have to pay 5,000?
Cash flow streams has the higher : Which of these cash flow streams has the higher PV if the discount rate is 10%? If the discount rate is 40%? please show the full calculations.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is probability that a king will be drawn on selection

If it is returned to the deck, what is the probability that a king will be drawn on the second selection? If the king is not replaced, what is the probability that a king will be drawn on the second selection?

  Your company produces metal rods they are required to be

your company produces metal rods. they are required to be exactly 100cm long. from a quick survey you find that in a

  Mean and standard deviation of the scores

We would like to conduct a hypothesis test at the 10% level of significance to determine whether the true mean score of all players in a bowling league

  Help me define corporate social responsibility

Help me conduct research on a Fortune 500 company and how do you determine just how (or if) the company ranks from a CSR perspective.

  Find the mean and standard deviation

Find the mean and standard deviation of the sampling distribution of sample means with sample size n = 100. Mean of sampling distribution:

  What is the probability that you win in the second game

Suppose you play the venerable game rock-paper-scissors. If you pick paper and your opponent chooses arbitrarily, what is the probability that you will win?

  Interval for the true proportion of all junior

Find a 95% confidence interval for the true proportion of all junior high school girls who are planning a career in a technical field.

  The primary control loop of a nuclear power plant

The primary control loop of a nuclear power plant includes a time delay due to the need to transport the fluid from the reactor to the measurement point as shown in Figure DP9.11. The transfer function of the controller is

  Explain the potential additional pieces of information

According to The Wellness Encyclopedia (University of California, 1991, p.17): "Alcohol consumed to excess increases the risk of cancer of the mouth.

  What is the sum of the probabilities of an event

What is the sum of the probabilities of an event and its complement?

  Which of the given are possible confounding variables

Suppose that an observational study showed that students who got at least 7 hours of sleep performed better on exams than students who got less than 7 hours.

  Problem with self-esteem of its clients

An elder-care facility has a problem with self-esteem of its clients. This is affecting the facilities monthly income as some clients are finding alternative housing options. As a result the facility is looking at dropping additional services, whi..

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