Calculate proceeds that hernandez engineering will receive

Assignment Help Accounting Basics
Reference no: EM131939451

Question - Hernandez Engineering received a promissory note of $15,500 at 11% simple interest for 15 months from one of its customers. After 3 months, Union Bank discounted the note at a discount rate of 13%. Calculate the proceeds that Hernandez Engineering will receive from the discounted note?

Reference no: EM131939451

Questions Cloud

Discuss the determinants of health : Discuss the plan, its priorities and then discuss the determinants of health and how they influence the affected population groups that these priority areas
Develop and solve an integer optimization model : Chris Corry has a company-sponsored retirement plan at a major brokerage firm. He has the following funds available:
Develop and solve an integer optimization model : Develop and solve an integer optimization model to maximize his utility and stay within budget.
What are the expected cash receipts for the month of march : The estimated sales for Fancy are as follows: January 18,000 jeans, February 19,000, and March 20,500 jeans. What are the expected cash receipts
Calculate proceeds that hernandez engineering will receive : Union Bank discounted the note at a discount rate of 13%. Calculate the proceeds that Hernandez Engineering will receive from the discounted note
Determine which publishers to select : Formulate and solve an integer optimization model to determine which publishers to select and how many groups to purchase for each publisher.
Analyze the specific hipaa privacy and security rules : For this assignment, you will provide an analysis on the HIPAA violation of patient health information (PHI) that was present in the case you selected.
Research proposal on any australian business : You can choose any Australian business for research topic. You need to make research proposal for my subjects and need presentations as well
What inference can you draw from the numbers collected : The current Federal deficit, the current Federal debt, and the bottom line of the current (last) budget approved by Congress (surplus or shortage).

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