What is the principal of the note

Assignment Help Accounting Basics
Reference no: EM131611579

Question - Novak Corp. has a 30-day note that carries an annual interest rate of 10%. If the amount of the total interest on the note is equal to $420, then what is the principal of the note?

$36600

$600

$4200

$16800

Reference no: EM131611579

Questions Cloud

What do you think megan boss should do : What do you think Megan's boss (i.e., a member of the board of directors) should do if he or she finds out what Megan said to her uncle
What percentage of the students have a gpa above sallys gpa : Sally has a GPA of 3.35. What percentage of the students have a GPA above her GPA? Show all work. (Note: GPA is normally distributed).
Determine the monomer reaction concentration : Calculate any site transformation parameters that can be calculated from this data - How does the method change if this were ethylene?
Why is the statement of retained earnings important : Why is the statement of retained earnings important?
What is the principal of the note : If the amount of the total interest on the note is equal to $420, then what is the principal of the note
What is the price of the treasury bond : What is the price (expressed as a percentage of the face value) of the treasury bond?
Prepare the necessary adjusting entries for january : Invoices representing $1,200 of services performed during the month have not been recorded as of June 30. Prepare the necessary adjusting entries for January
What assumptions have you made about demand and price : For example, what assumptions have you made about demand, price, volume, capital purchase costs, incremental hiring, and so on?
Capital funding dog pens raised through this bond issue : Calculate the amount of capital funding Harper’s Dog Pens raised through this bond issue.

Reviews

Write a Review

Accounting Basics Questions & Answers

  If a company with existing debt issues common stock in

if a company with existing debt issues common stock in order to obtain funds to buy assets what happens to financial

  What is the projected net income

A proposed new investment has projected sales of $720,000. Variable costs are 60 percent of sales, and fixed costs are $161,000; depreciation is $62,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected ne..

  Glen pool club inc has a 149000 mortgage liability the

glen pool club inc. has a 149000 mortgage liability. the mortgage is payable in monthly installments of 2100 which

  How would you explain the current situation to the auditor

The Petty Cash Fund was issued several years ago for $100. How would you explain the current situation to the auditor

  Prepare a contribution format income statement

Fill in the following table with your estimates of total cost and average cost per cup of coffee at the identical level of activity for a coffee stand. Round off the cost of a cup of coffee to the nearest tenth of a cent. Does the average cost per cu..

  The following information relates to tom a single tax-payer

the following information relates to tom a single tax-payer age 18salary 1800interest income 1600itemized deductions

  Confidence intervals for proportion of business travelers

A survey of business travelers found that 40% of those surveyed utilize hotel exercise facilities during their stay. Under the assumption that a simple random sample of 1000 business travelers were surveyed, construct and interpret the 90% and 95%..

  Write a report on internal controls

Write a report on Internal Controls

  Find appropriate depreciation expense for the year

Fulfil all required journal entries for each of the long-term activities, which took place during 20x7. Keep in mind to account for the appropriate depreciation expense for the year on any of the long-term assets.

  The job cost sheet for 1000 units of toy trucks is job

the job cost sheet for 1000 units of toy trucks is job number 555 date started 413 date completed 618 raw materials

  What is the authoritative guidance for asset impairments

What is the authoritative guidance for asset impairments? What is the best evidence of fair value? Describe alternate methods of estimating fair value

  Dispatch delivery service record the interest payment

Josh Reilly is the owner of Dispatch Delivery Service. Recently Josh paid interest of on a personal loan of that he used to begin the business. Should Dispatch Delivery Service record the interest payment? Explain.

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