Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On December 1, Spencer Department Store borrowed $19,250 from First Bank and Trust. Spencer signed a ninety-day note with a face amount of $20,000. The interest rate stated on the face of the note is 15 percent per year.
a. Provide the journal entry recorded by Spencer on December 1.
b. Provide the adjusting entry recorded by Spencer on December 31 before financial statements are prepared. Show how the note payable would be disclosed on the December 31 balance sheet.
c. Compute the actual annual interest rate on the note. (Hint: Note that Spencer had the use of $19,250 only over the period of the loan.)
d. Why is the actual interest rate different from the rate stated on the face of the note?
pelamed pharmaceuticals had ebit of 325 million in 2006. in addition pelamed had expenses of 125 million and a
Financing corporate purchases and overall capital budgeting usually requires the finance manager to assess tax rates, dividend payout policy, weighting of capital sources, and more.
Do you agree with this arrangement? How would you feel as an investor in a company that utilizes carbon credits to legally exceed its pollution limits?
Mullett Technologies is considering whether or not to refund a $75 million, 12% coupon, 30-year bond issue that was sold over 5 years ago. It is amortizing $5 million of flotation costs on the 12% bonds over the issue's 30-year life. Mullet's investm..
How do SMERF groups complement the business travel market?
a survey on british social attitudes asked respondents if they had ever boycotted goods for ethical reasons statesman
The project requires you to create a written budget proposal,
Design compensation and reward plans that meet one of the following goals for each function in the company (e.g., operations, sales, web design, as appropriate):
1. How do monetary policy actions made by the Federal Reserve impact interest rates? 2. What is the repricing gap? In using this model to evaluate interest rate risk, what is meant by rate sensitivity? On what financial performance variable does the ..
bruce invests 2000 in a mint condition nolan ryan baseball card. he expects the baseball card to increase 20 a year for
tom tells bob that he will pay bob 5000 to put a cherry bomb in his gas tank so that tom can collect money from the
Which are the 3 most significant variables which determine the level of country risk? When is country risk analysis a critical factor for a business going global?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd