What was her selling price

Assignment Help Financial Accounting
Reference no: EM132989117

Question - On 12 March 2021 Annabel bought a 180-day $100 000 bank bill for $97 500. She sold this bank bill on 30 May 2021 at 6.95% p.a. (simple interest). What was her selling price (rounded to four decimal places)?

Reference no: EM132989117

Questions Cloud

Estimate cash disbursements related to purchases : Purchases in December 2020 are expected to be $84,400. Estimate cash disbursements related to purchases for each month of the first quarter of 2021
Recognising and responding to behaviours of concern : List the important legal and ethical consideration relevant to recognising and responding to behaviours of concern.
Discussion of the challenges faced by tesla : A discussion of the challenges faced by Tesla since its founding by Elon Musk. Should have reference to strategic management.
Do believe that current welfare system hurts people : Do you believe that our current welfare system hurts people in poverty, possibly enabling them to continue in their current state?
What was her selling price : She sold this bank bill on 30 May 2021 at 6.95% p.a. (simple interest). What was her selling price (rounded to four decimal places)
Determine an organization ability : Discuss what factors determine an organization's ability to compete at all levels (Porter's 5 Competitive Forces). What kind of organization and people does it
How well is enstat being managed : If Enstat was to put their firm in place today the cost of the assets are estimated to be $9.5 million. How well is Enstat being managed
Give viewpoints of dorothea lynde dix : Discuss your views on the recommendations given by Yates on improving the early welfare system. Are there any you would keep today or discard?
Compare the investment philosophy you used : Compare the investment philosophy you used to select your two stocks with that of Benjamin Graham. What would Benjamin Graham say about your stock picks

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain what would tell a potential investor about the cash

Explain What would tell a potential investor about the cash strength of Any Company? Support your 'pitch' with three observations from the various financial sta

  How many shares would lennox have

How many shares (rounded down to the whole share) would Lennox have? During the past five years, Lennox invested $2,250 each year into their employer company

  Prepare a consolidated statement of comprehensive income

Prepare a consolidated statement of comprehensive income for the year ended 31/12/20X2 and a statement of financial position as at that date.

  How an operating lease would be accounted for by the lessee

How an operating lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease

  Income statement related to these securities

Norton Co. purchased the following portfolio of securities during 2014 and reported the following balances at December 31, 2014. No sales occurred during 2014. All declines are considered to be temporary. What amount should Norton Co. report on its i..

  You are required to submit a feasibility report

HA2042 - Accounting Information Systems.

  Explain why the investor should or should not be happy

A company XYZ issued 30 year bonds with 10% annual coupon rate at their par value of $1000 in 2010. Explain why the investor should or should not be happy

  Is perpetual and periodic inventory accounting system record

Both perpetual and periodic inventory accounting systems record purchases of inventory as occur, however, only perpetual inventory accounting records.True/false

  What the highest price that bull company should pay

Bull Company, Assuming no other use of the facilities, the highest price that Bull Company should pay for this part in a make-buy decision is?

  Compute scholarpaks break-even point in sales dollars

ScholarPak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm's break-even point in sales dollars

  Estimate whether the bank should make the loan

The current market interest rate for loans in this sector is 12 per cent. Estimate whether the bank should make the loan

  Prepare an unadjusted trial balance as at 30 june 2015

Prepare journal entries to record the June 2015 transactions for the business and post these journal entries to suitable T accounts and prepare an unadjusted trial balance as at 30 June 2015

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