User Account

All Pages

What simple interest rate was charged

Assignment Help Financial Accounting
Reference no: EM133127843

Question - You attend the local payday store and ask how much a two-month loan would cost. You wish to borrow $500 and are advised they charge an administration fee of $25. If the total amount owed after two months is $545.83, what simple interest rate was charged?

Reference no: EM133127843

Questions Cloud

Determine basic and diluted earnings per share for witter : The fair value of the options was estimated on the grant date to be $3 per option. Determine basic and diluted earnings per share for Witter
Explain why the reducing balance might be more suitable : Explain why the reducing balance might be more suitable for assets like motor vehicles and Profit or loss on disposal of the plant
Discuss the merits and demerits of the concept of eva : Discuss the merits and demerits of the concept of EVA in the project evaluation and the measurement of performance of division managers
Compute the corporation total assets : Simon Corporation's debt to equity ratio is 0.6. Current liabilities are $120,000, long-term liabilities are $360,000, Compute the corporation total assets
What simple interest rate was charged : You wish to borrow $500 and are advised they charge an administration fee of $25. What simple interest rate was charged
How much is the total assets of the company : Bulldogs Inc. has a total asset balance composed of 30% current and 70% non-current. How much is the total assets of the company
What is the weighted-average number of shares : On 1 March 2021 ABC Ltd bought back 163000 shares originally issued at $2.00 for $3.25 each. What is the weighted-average number of shares
Determine the amount of cost of goods sold : Sales revenue amounted P7,500,000. The general and administrative, and selling expenses are P1,125,000. Determine the amount of cost of goods sold
How much is the cash of Bulldogs Inc : The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current. How much is the cash

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find what npv break-even level of sales if firm pays no tax

Find What is the NPV break-even level of sales if the firm pays no taxes? What is the accounting break-even level of sales if the firm's tax rate is 30%?

  Estimate state income tax payments

Estimated state income tax payments of $1,000 each quarter and estimated city income tax payments of $300 each quarter. The Dunphys made all fourth-quarter payments on December 31, 2013. They would like to receive a refund for any overpayments.

  Illustrate what pretax amounts related to the lease

What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2011? Illustrate what pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December ..

  How fasb feels about timing manipulations for purpose

Consider that you are Conglomerate Corporation's outside auditor performing a quarterly review and you become aware of these practices and the directive of the president, would you require disclosure of these shifting practices in the quarterly fi..

  Differing qualitative issues in financial statement

Differing qualitative issues in financial statement presentation and the effect of these choices on an analysts opinion

  What amount should terry record as bad debt expense

The following information is available for Terry Company: What amount should Terry record as "bad debt expense" for the year ended December 31, 2013?

  What if the Fabrication Division had excess capacity

What if the Fabrication Division had excess capacity? How would this change the minimum transfer price as determined by the application

  What is the operations strategy of ryanair

Question - What is the operations strategy of Ryanair? Give examples of its activities that helps it achieve its strategy

  What are the key features of the financial legislation

Maintains internal control procedures, What are key features of the financial legislation which relates to financial transactions and reporting requirements?

  What is the book value per share of ordinary share

10% Preference share capital, cumulative, What is the book value per share of ordinary share, assuming preference dividends are in arrears since 2009?

  Study examining how incentives arising out of debt contracts

A financial covenant would stipulate all of the following EXCEPT: The section of a loan agreement that describes circumstances in which the creditor obtains additional rights is called the ______section. A study examining how incentives arising out o..

  1 which of the following can be affected by gaapalegal

1. which of the following can be affected by gaap?a.legal ability to issue bonds.b.ability to balance the

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