User Account

All Pages

What is the nominal interest rate on the loan

Assignment Help Financial Accounting
Reference no: EM132934932

Question - Inventory conversion period is 60 days

Payables deferral period is 30 days

Payables deferral period is 30 days

The company needs $1,500,000 for a new project.

The loan will cost 10% simple interest, for 4 months, with a 20% compensating balance.

What is the nominal interest rate on the loan? What does this mean?

Reference no: EM132934932

Questions Cloud

How much is the book value per share on December : Retained Earnings appropriated for contingencies 120,000. How much is the book value per share on December 31, 2020
What should be the amount of derecognition gain or loss : If the investment property is accounted using the cost model, what should be the amount of derecognition gain or loss to be reported on its profit or loss
What must coupon rate be on it : Goldstream has bonds on the market making annual payments with 9 years to maturity and selling for $948. What must coupon rate be on it
Prepare the Income Statement for Krafty Foods : Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31, 2021
What is the nominal interest rate on the loan : The loan will cost 10% simple interest, for 4 months, with a 20% compensating balance. What is the nominal interest rate on the loan
What is the beta of your portfolio : You construct a portfolio (with X and the risk-free asset) to match your friend's return. What is the beta of your portfolio
Compute the break-even point in sales dollars : To process the pictures, she estimates that she would have supplies expenses of $7 per picture. Compute the break-even point in sales dollars
What is the selling price after the first markdown : A company bought 3,400 items at $36 less 23% and 19%. It added a markup of 54% on selling price. What is the selling price after the first markdown
What is the trade discount rate : Question - The list price of canned foods at a wholesaler's outlet is $50.00 and the net price is $45.00. What is the trade discount rate

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the price of the bond if is held to maturity

You have invested in a commercial bond issued, Calculate the price of the bond if it is held to maturity. Calculate the price of the bond if it was sold today.

  Construct an ebit eps chart for the four plans

Construct an EBIT-EPS chart for the four plans.- Compute the degree of financial leverage (DFL) for each alternative at an expected EBIT level of $1 million.

  Determine the values that would be appropriate

Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value. the financial statement being complete

  How post while preparing budget analysis

Depreciation is $30,000 for October and $36,000 for November and December due to the purchase in November. How post while preparing Budget analysis

  Solve total interest earned over fifteen year holding period

Solve the total interest earned over a 15 year holding period. Mike just put $10,000 into an account that promises to pay 3% APR (annual compounding).

  Prepare the journal entries for ben limited for the years

Ben Limited, a company based in South Africa placed, Prepare the journal entries for Ben Limited for the years ended 30 September 2018 and 30 September 2019.

  Which conclusions do the variances best support

Which of the following conclusions do these variances best support? More materials were purchased than were used.

  Assume that the double declining balance method

On January 1, 2010, equipment is purchased for use in the production of steel pipes. The equipment cost $120,000 and is expected to be useful for 3 years. Assume that the Straight-Line method is used for equipment depreciation. How much depreciation ..

  Compute what net cash provided by operating activities was

Compute What Net cash provided by operating activities was? In preparing a company's statement of cash flows using the indirect method

  Used to allocate variable costs from service departments

Which of the following formulas should be used to allocate variable costs from service departments to user departments? The phrase "cost allocation" refers to the allocation of total department costs to, If a department identifies more than one cost ..

  How much would give today for a loan

If interest rates were 4 percent, how much would you give today for a loan with a $100,000 balloon principal payment due in a year?

  Starbright manufacturing costs are budgeted

Star bright manufactures children car seats, strollers, and baby swings. Starbright manufacturing costs are budgeted as follows: What is the setup costs allocated to Strollers during the current month? What are the factory foremen salaries allocated ..

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