What was the term expressed in days

Assignment Help Accounting Basics
Reference no: EM132606290

Question - The simple interest charged on a short-term loan of $100,000 at 3% per annum was $2500. What was the term expressed in days (rounded off) using exact interest?

Reference no: EM132606290

Questions Cloud

How should be treated in georgina financial statements : State, with reasons, how the above should be treated in Georgina's financial statements for the year ended 30 September 2015.
How many days are needed for a loan : Question - How many days are needed for a loan of Php50000 at 5% per annum to earn Php1500? Assume 360 days a year calendar
Explain the effects of cyclical unemployment on the economy : Explain the effects of cyclical unemployment on the economy. Discuss why below-equilibrium or above-equilibrium GDP levels will not persist.
Develop your interpretation of the given quote : Steven Sample states "One must always keep in mind that leadership is an art, not a science. Effective management may be a science...but effective leadership.
What was the term expressed in days : The simple interest charged on a short-term loan of $100,000 at 3% per annum was $2500. What was the term expressed in days
Mandatory issues for negotiations : Identify and discuss the 5 groups of those benefits that are mandatory issues for negotiations.
Make track ltd statement of cash flows for the year : Make Track Ltd's statement of cash flows for the year ended 30 June 2011 in accordance with the requirements of IAS-7 using the indirect method.
Temporary decline in current period government spending : How does the response of the macroeconomy to the disaster differ from the response to a temporary decline in current period government spending?
What is an imputation tax system : What is an imputation tax system? Briefly explain the chronology of dividend payment. What is an option? Explain the term "call option" and "put option"

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