What quarterly compounded rate of interest was

Assignment Help Accounting Basics
Reference no: EM133122635

Question - In a civil lawsuit, a plaintiff was awarded damages of $15,000 plus $4,621.61 in interest for a period of 3¼ years. What quarterly compounded rate of interest was used in the settlement?

Reference no: EM133122635

Questions Cloud

What is the intrinsic value of the option : Apple stock is selling for $121.32 per share. Call options with an $117.25 exercise price are priced at $13.15. What is the intrinsic value of the option
What is the expected rate of return : Sakura Co. bonds are selling in the market for $1000. These 19 year old bonds pay 13 percent interest annually on a $1000 par value. if they are purchased at th
Determines prosperity or recession in economy : It is the spending by consumer or household sector of the economy that determines prosperity or recession in the economy.
How much money will this bond pay out in 6 months : Suppose you buy a 1yr Treasury bill with a face value of $1,000 and a coupon rate of c = 5%. The 6 month zero rate is 4% per year. The 1 year zero rate is 4.4%
What quarterly compounded rate of interest was : A plaintiff was awarded damages of $15,000 plus $4,621.61 in interest for a period of 3¼ years. What quarterly compounded rate of interest was
Determine the flow and pressure drop : Determine the flow and pressure drop in each branch of the network and Describe the various methods of methane drainage available to drain gas for longwall
Business models influenced by internal and external factors : Why is a business model important? How are business models influenced by internal and external factors?
What is marie approximate real rate of return : Marie bought a ?ve-year 4.25% annual coupon bond for $914 one year ago. Today, she EDICI the bond at the market yield rate of 4%. What is Marie'a approximate re
Although organizational power and politics : Although organizational power and politics cannot be eliminated, managers can keep it within reasonable bounds.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much net income should be distributed to chen and monroe

Chen and Monroe had $90,000 and $140,000, respectively, in their January 1 capital balances. How much net income should be distributed to Chen and Monroe

  Find the internal rate of return

Question - Find the internal rate of return (IRR) for the following series of future cash flows. The initial outlay is $763,200

  Loon taxable income for the year

Assume the same facts except that Loon's long-term capital gain is $100,000 (instead of $60,000). Compute Loon's taxable income for the year.

  What is Sotomayor AGI for the current year

In addition, she incurs a loss of $49,000 from an investment in a passive activity. What is Sotomayor's AGI for the current year

  What was the total amount for cash payments

Cost of goods sold for Year 2 was $460,000. What was the total amount for cash payments for merchandise for Year 2

  Prepare the journal entries required to record transactions

On June 10, Indigo reacquired and cancelled 1,800 Class A common shares at a cost of $4.15 per share. Prepare journal entries required to record transactions

  Calculate the total dividends and the amount paid

Calculate the total dividends and the amount paid to each class of shares, assuming the preferred dividend is not cumulative

  Determine Nighthawk current-year deduction for business

Assume that Nighthawk has average gross receipts for the prior three-year period of $33,000,000. Determine Nighthawk's current-year deduction for business

  Requirement 1 in millions 2011 2012 2013contract price 340

requirement 1 in millions 2011 2012 2013contract price 340 340 340actual costs to date 70 150 200estimated costs to

  Calculate the weighted average cost of capital of ptl bhd

PTL Bhd has issued 5 million ordinary shares, with a market price of RM9 each. Calculate the weighted average cost of capital of PTL Bhd

  Determine the fixed overhead rate variance for January

The fixed manufacturing overhead costs for 2019 will total $576,000. Determine the fixed overhead rate variance for January

  What amount of sales revenue would Millipede recognize

The applicable effective interest rate is 7%. What amount of sales revenue would Millipede recognize on April 19, 2021, for the Hartwood transaction

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