What is the price of the commercial paper

Assignment Help Financial Accounting
Reference no: EM133375389

Question: A company has issued commercial paper at 0.5% discount for 45 days. What is the price of the commercial paper and how much will be the effective rate of interest on this paper. Should this company issue this paper if the prime rate is 1.5%.

Reference no: EM133375389

Questions Cloud

Demonstrate a trauma-informed approach as a counselor : In 2-3 sentences What are some ways that you could demonstrate a trauma-informed approach as a counselor?
Describe the approach that the psychologist : Which is why he is continuing to engage in this behavior. Which developmental theory best describes approach that the psychologist is using in this situation?
What are some of the key assumptions of tesla forecast : Do you believe that the revenue growth rates are sustainable? Why or why not? What will affect revenues the most for the company? What are the largest expense
How can educators ensure that students engage : Our focus is on the social dimension of health. It is critical that we help students learn to navigate the world around them.
What is the price of the commercial paper : What is the price of the commercial paper and how much will be the effective rate of interest on this paper. Should this company issue this paper if the prime
What are deciding whether or not to send a child to daycare : What are some factors people might use in deciding whether or not to send a child to daycare? Are there specific qualities you would want in a daycare?
Which debit or credit is correctly included in the adjusting : Which debit or credit is correctly included in the adjusting journal entry necessary on December 31 to record the royalty revenue that Morgan has earned
Discuss erikson identity vs role confusion : Discuss Erikson's Identity vs. Role Confusion. What role does fidelity play in this crisis and what are the implications if the crisis is not resolved?
Which debit or credit is correctly included in the adjusting : Which debit or credit is correctly included in the ADJUSTING journal entry necessary on December 31 of Year 1 with respect to this rent received in advance?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the journal entry to reflect the accounting change

Prepare the journal entry to reflect the accounting change in 2020, the year of the change. Homer Alaska Inc. (HA) has used the completed-contract method

  What would be the post-merger share price of xylon

Assume Xylon is taking over Kiya by issuing one of its shares for two shares of Kiya. If there is no synergy, what would be the post-merger share price of Xylon

  What the recorded cost of the machine should be

The cash equivalent price of the machine is $43,200. As well, Chapelle pays installation costs of $1,200. The recorded cost of the machine should be

  What a balance sheet for a nonprofit entity is

Define what a balance sheet for a nonprofit entity is and what are the main areas covered which differ from for-profit organizations.

  Find amount that sunland record as depreciation expense

On January 1, 2019, Sunland Corporation acquired machinery at a cost of $1600000. Find the amount that Sunland should record as depreciation expense for 2022

  What is the difference in the current prices of the bonds

What is the difference in the current prices of these bonds? You are considering two bonds. Both have semiannual, 6% coupons.

  Explain any four advantages of leasing

Explain briefly the three components of Cash flow statement. Mention any three benefits of cash flow statement. Explain any four advantages of leasing.

  Determine the operating income

Simple Manufacturing is conducting an analysis during June 2015 to determine how to increase the sales next month during July 2015. Simple Manufacturing only produces one product that sells for $1,200. Determine the operating income (net income)?

  Direct -labor efficiency variance

During March, Manhattan Fabrics Cooperation manufactured 1,000 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex peoduction department also pertains to March. Compute the following variances fo..

  Calculate the indifference point for the plans

The company is in the tax bracket of 50%. You are required to calculate the indifference point for the plans and verify your answer by calculating the EPS

  Prepare a statement of cash flows in accordance with aasb

Using the direct method of presenting cash flows from operating activities, prepare a Statement of Cash Flows in accordance with AASB 107 for the year ended 30 June 2012, including a reconciliation of cash flows arising from operating activities a..

  What the transaction would lead to the creation of a

In 2016, this transaction would lead to the creation of a? Randolf is interested in making his business more energy efficient. Comfy Home purchased

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