What is the total current liability

Assignment Help Accounting Basics
Reference no: EM133100287

Question - On January 1, 2021, KFF Inc. borrowed 1,000,000 from the bank. The bank charged a 4% origination fee. The principal is due on January 1, 2023 and 10% interest is due annually starting on January 1, 2022. What is the total current liability relating to the note payable as of December 31, 2021?

Reference no: EM133100287

Questions Cloud

Identify the type of kolb learning style : -Identify the type of KOLB Learning Style you have and explain why you believe this is your type of learning style.
What is the annual lease payments of the lessee : The lease term is 4 years and annual rentals are due at the beginning of each year. What is the annual lease payments of the lessee for FLL Inc. to earn 10%
Explain the changing market and environment : Justify the use of innovation and enterprise for a business in relation to its changing market and environment
Create customizable interactive in branded data : Sisense Product features would be centralized data hub handles data at single scale export data to CSV, PDF, excel and other formats. The use of learning for th
What is the total current liability : The principal is due on January 1, 2023 and 10% interest is due annually starting on January 1, 2022. What is total current liability relating to note payable
What is amount of liability related to closure of business : What is the amount of liability related to the closure of business line be reported as of December 31, 2020 in the statement of financial position
How much profit or loss his business made : Ram also insures his business. Ram wants to work out how much profit or loss his business made during the last financial year which started on 1 July 2020
Compute Electric Inc total liabilities on January : Electric, Inc. (EI) is one of the largest companies in the world with sales of more than $755 billion. Compute EI's total liabilities on January 1, 2009
Find potential external investors : Any potential external investors want to know some information about your child care business. What information do you think they would like to know so they can

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