What is the maturity value of the note

Assignment Help Accounting Basics
Reference no: EM132556434

Question - On June 8, Williams Company issued an $82,800, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar.

a. $91,908

b. $9,108

c. $85,836

d. $82,800

Reference no: EM132556434

Questions Cloud

How much was the net cash flow : A company had net income of $231,020. Depreciation expense was $28,811. How much was the net cash flow from operating activities
Business intelligence : You reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
What is the net amount to be paid to the employee : An employee receives an hourly wage rate of $15, What is the net amount to be paid to the employee? Round your answer to the nearest cent
Find what other factors sam company should take into account : Find what other factors Sam Company should take into account before deciding whether or not to purchase the computerized video QC system.
What is the maturity value of the note : On June 8, Williams Company issued an $82,800, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note
What are the main benefits of international harmonization : Countries are using different approaches to strengthen auditor independence. What are the main benefits of international harmonization of auditing standards
Project controls and testing : Identify the control objectives and techniques that will ensure the completeness, accuracy, validity, and authorization of transactions
Compute the amount of bond interest expense to be recognized : If Franklin uses the straight-line method of amortization of bond premium, compute the amount of bond interest expense to be recognized on July 1
Determine the job cost of project aq : Completed and sold on 31 January 2020. Determine the job cost of Project AQ01 and its contract price if the markup percentage of this job is 50%.

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