User Account

All Pages

What is the interest income

Assignment Help Accounting Basics
Reference no: EM133057997

Question - Appari Bank granted a loan to a borrower on January 1, 2018. The interest rate on the loan is 10% payable annually starting December 31, 2018. The loan matures in five years on December 31, 2022. Principal amount - 4,000,000 Origination fee received from borrower - 350,000 Direct origination cost incurred - 61,500 The effective rate on the loan after considering the direct origination cost incurred and origination fee received is 12%. What is the interest income for 2018?

Reference no: EM133057997

Questions Cloud

Calculate the standard deviation of the loss amount of loan : Calculate the standard deviation of the loss amount of loan due to the default for bank A and for bank B
Calculate the investor after-tax rate of return : 1) You plan to buy the house of your dreams in 5 years. You have estimated that the price of the house will be $314,404 at that time. You are able to make equal
What are the structural deficit or surplus : the economy is operating $500 billion above its potential, and the marginal tax rate is 15 percent, what are the structural deficit or surplus
Rate of return for investment : On January 1st, the One Star Capital pension fund bought 1,000 US T-Bills that each had a $1,000 par value. One Star held them for exactly 150 days until they m
What is the interest income : The effective rate on the loan after considering the direct origination cost incurred and origination fee received is 12%. What is the interest income for 2018
How life stages affect financial decision making : 2. Examine your budget and distinguish between wants and needs? How do you define financial need?
Discuss two of darwin observations : Briefly discuss two of Darwin's observations or findings that you found most interesting.
Estimate next years free cash flow to equity : In the most recent year, WBA had a poor financial performance. The company made only $40 million in net income. It expects next year to be more normal.
Discuss how social protection from unemployment supports : Discuss the contention that it is employers' practices rather than government intervention that drives high skills. Please refer to relevant theories covered

Reviews

Write a Review

Accounting Basics Questions & Answers

  A mine is purchased for 4000000 there will be a salvage

a mine is purchased for 4000000. there will be a salvage value of 300000 when the land is restored after mining is

  Rostand inc operates a delivery service for over 70

rostand inc. operates a delivery service for over 70 restaurants. the corporation has a fleet of vehicles and has

  What is the amount of the monthly? payment

What is the amount of the monthly? payment and What are the monthly loan payments for the car if you make a down payment of ?$4,771?, the term is 6 years

  Describes the changes in the organization of rbc

This essay describes the changes in the organization of RBC. Since the change in the economy there have been changes in the structure, processes and department sizes.

  Determine the amount of interest to be capitalized

To finance construction of the building, a $750,000, 10% construction loan was taken out on January 1. Determine the amount of interest to be capitalized

  Prepare all the journal entries to account

Prepare all the 2020 journal entries to account for the financial instruments under both ASPE and IFRS. For ASPE assume that the company chooses to value

  Evaluating the level of responsibility of the company

Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response.

  Compute the new dishwashing machines net present value

Compute the new dishwashing machine's net present value. Round all dollar amounts to the nearest whole dollar. Would you recommend that it be purchased?

  Determine whether GoPuff should purchase the new business

GoPuff uses an after-tax MARR of 10%, compute the PW and determine whether GoPuff should purchase the new business vehicle

  Settlement of equity

Partners share profits and losses as follows: Adams 20%; Bell 30%; and Cooley 50%. If Cooley retires and withdraws $40,000 in settlement of her equity and settlements are allocated according to capital interests, the amount entered in Adams's capi..

  Calculate the amount of gross profit

The cost of goods sold was $30,000. On March? 18, High Quality received payment from the customer. Calculate the amount of gross profit

  Generally companies follow one of two broadstrategies

generally companies follow one of two broadstrategies offering a quality product at a lowprice or offering a unique

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