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The loan payable for capital bank is 725000
The loan payable for freedom bank is 2150000
Elaborate Home Décor has two loans outstanding as of 12/31/2016. Interest is paid annually on January 1st. The facts on each loan are as follows: Capital Bank Loan – outstanding since January 1, 2016 with a 3.25% interest rate. This loan was taken out to finance the construction of the Storage Building. Interest for the year and 10% of the principle will be paid to the bank on January 1, 2017. Except for recording the initial cash received and loan, no additional entries have been made. Freedom Bank Loan – also outstanding all of 2016 with 5.9 % interest rate (enter the last digit of your student number). Interest is due on January 1, 2017. Principle is due on January 1, 2022. Since interest will not be paid to the Bank until 2017, Elaborate Home Décor office staff did not accrue any interest
What would be the year end adjusting entry?
The common stock of Denis and Denis? Research, Inc., trades for $60 per share. Investors expect the company to pay? a(n) $3.89 dividend next? year, and they expect that dividend to grow at a constant rate forever. If investors require? a(n) 9?% retur..
You figure that the total cost of college will be $100,000 per year 18 years from today. If your discount rate is 8% compounded annually, what is the present value today of four (4) years of college costs starting 18 years from today?
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You have been asked to set a rate for a Surgical-center. Costs are budgeted to be $4,000,000. Per year for projected surgical procedures of 7,000. The Surgical-center expects that 50 percent of its procedures will be Medicare and that Medicare will p..
Show that interest rate call option with a notional principal of $1 provides the same payoffs as the interest rate put option if the notional principal on the put is $1(1 þ x(m/360)) and its exercise price, X, is $1/(1 þ x(m/360)).
What is the leverage capital ratio and why do regulators specify a minimum for it?
Fooling Company has a 10.8 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 5 years, and a call premium of $100. What is the yield to call (YTC) for this bond if the current price is 105 percent ..
Security X has an expected rate of return of 17% and a beta of 1.65. The risk-free rate is 4% and the market expected rate of return is 13%. According to the capital asset pricing model, security X has an expected return of ______________%. It is fai..
Imagine homer simpson invested 100000 5 years ago at a 14% annual interest rate. if he invested an additional 2200 a year at the beginning of each year for 10 years at the same 14 % annual rate, how much money will homer have 10 years from now? if ho..
ABC, Inc. has a D/E ratio of 1.2. The firm has a cost of equity of 12% and a cost of debt of 8%. What will the cost of equity be if the target capital structure becomes 67% debt and 33% equity? The cost of debt does not change.
Amount of Insurance Needed. Considering the information in the previous problem, how much life insurance should they purchase for Mary?
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