User Account

All Pages

What is the total amount of interest pay on the loan

Assignment Help Accounting Basics
Reference no: EM132811255

Problem 1: You borrow $900 from your bank for 3 months. The loan agreement states that you must repay the loan at a rate of $300 per month plus interest. The interest rate for the loan is above the prime interest rate. During the first month the prime rate is during the second month it is and during the third month it is What is the total amount of interest you pay on the loan?

A. $8.66
B. $11.21
C. $9.17
D. $10.19

Reference no: EM132811255

Questions Cloud

Identify at least three cultural considerations : Identify at least three cultural considerations with regard to treatment planning for affective counseling and discuss what you might need to do or what you.
Changing nature of business in a global economy : Explain in detail the changing nature of business in a global economy.
How would a social psychologist explain jasons behavior : Jason is a college student accused of making and distributing methamphetamine. If charged and convicted, Jason's dreams of medical school would be dashed.
How do determine the dollar amounts that towson will report : How do determine the dollar amounts that Towson will report on its year end Balance Sheet for Paid in Capital Common Stock in Excess to par.
What is the total amount of interest pay on the loan : During the first month the prime rate is during the second month it is and during the third month it is What is the total amount of interest you pay on the loan
What are some specific counseling techniques : What are some specific counseling techniques from the course textbook used in working with persons who have depressive and bipolar disorders? Explain them.
Centers of disease control and prevention : The Centers of Disease Control and Prevention or the World Health Organization data and statistics relating to the national and global findings.
Examine conflict between a person behavior and sense of self : The motive to fit in often compels people to do what is considered appropriate behavior in a given situation. Sometimes the compulsion to fit in leads people.
Write the journal entry to record the impairment loss : Write the journal entry to record the impairment loss. Rhee purchased the patent from Dixon in 20x1 for $45,000,000 as they believed

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining the number of units of product

The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:

  Calculate the total cost

Calculate the total cost accumulated in the finishing department using the direct method

  Make an argument for the type of pmo should adopt

How Compare and contrast the organizational cultures at Amazon and Google. Imagine if you were in charge of a project team at both companies

  Impact of that integration on you and on the organization

Describe the degree to which the steps in the process are integrated, What is/was the impact of that integration on you and on the organization

  Discuss a manual accounting system to an automated system

Imagine you are a consultant hired to convert a manual accounting system to an automated system

  Concepts associated with making capital investment decisions

concepts associated with making capital investment decisions such as cash flows

  Compute Zola gross income

Compute Zola's gross income under two assumptions as to the state of residency of the couple. If an amount is zero, enter "$0."

  What is the lease liability at the end of current year

Ownership of the property remains with the lessor at expiration of the lease. What is the lease liability at the end of current year

  Make a journal entry to record the income tax expense

Excess tax depreciation will reverse equally over a four-year period, 20x2-20x5. Make a journal entry to record the income tax expense and liabilities for 20x1

  What is necessity of analysis

Identify each of the financial statements, their main components, and their importance in financial reporting. What is Necessity of Analysis?

  Record the sale of the shelving units

Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for $2,400 cash. Record the sale of the shelving units

  Determine the amount of depreciation expense for the years

Perdue Company purchased equipment on April 1 for $70,200. Determine the amount of depreciation expense for the years ended December

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