User Account

All Pages

Calculate the amount of interest that will accrue each month

Assignment Help Accounting Basics
Reference no: EM131788219

Question - Vega Cestas, Inc purchased a basket weaving machine on January 1. The machine cost $10,000 and the seller accepted an eight month note with an annual interest rate of 8% as payment. Interest accrues monthly on the note, but all interest and principal will be paid when the note matures.

Calculate the amount of interest that will accrue each month on the note.

Reference no: EM131788219

Questions Cloud

What are some effective strategies you might use : What are some effective strategies you might use as you perform transcription? Why is a speed of entry important to the point of care of a patient?
Compute the required rate of return : Compute the required rate of return (Ke). Indicate whether each of the following changes would make the required rate of return (Ke) go up or down.
Discuss the amount of earnings for the year : In addition to the regular salaries, the company pays an annual bonus based on the amount of earnings for the year
Which is the independent variable : As the data are graphed, which is the independent variable and which the dependent variable?
Calculate the amount of interest that will accrue each month : Vega Cestas, Inc purchased a basket weaving machine on January 1. Calculate the amount of interest that will accrue each month on the note
How many different ways can the offices be filled : If 8 people are willing to serve and each of them is eligible for any of the offices, in how many different ways can the offices be filled?
Write paper that defines and describe emotional intelligence : Write a paper that defines and describes emotional intelligence. Additionally, detail the value of EI possession among health care leaders.
How many different ways can people be assigned to a team : Utilities a utility company sends teams of 4 people each to perform repairs. If it has 12 qualified people, how many different ways can people be assigned?
Defining the low valuation in the marketplace : ExxonMobil was referred to at the beginning of the chapter as a firm that had a low valuation in the marketplace. Go to finance.yahoo.com and type XOM.

Reviews

Write a Review

Accounting Basics Questions & Answers

  General investment co gic purchased bonds on january 1 2012

general investment co. gic purchased bonds on january 1 2012. gics accountant has projected the following amortization

  Forrests gameboards company manufactures games in three

forrests gameboards company manufactures games in three departments using a process cost system with an average cost

  What amounts were payable on each class of stock

At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...

  Prepare and post the closing entries for the general fund

Prepare and post the closing entries for the General Fund, Outstanding encumbrances at year end are classified as Assigned

  One does need to look for certain types of information that

one does need to look for certain types of information that meet their needs.on formal reports how does one know they

  Information protection and privacy-debt covenants

Based on the e-Activity, evaluate the circumstances that contributed to the privacy violation, the consequence to the company to the breach, and management's response to the breach, indicating the appropriateness of the response.

  Jones inc purchased equipment of july 1 2005 for 28000 the

journalize adjusting entries for jones inc for the month ending july 31 2005.remember to list the debit entries first

  As a manager what factors do you consider when determining

as a manager what factors do you consider when determining the most effective way to communicate a message to you

  What are the total return and the capital gains

What are the total return, the current yield, and the capital gains yield for the discount bond in Question #3 at $887.00? At $1,134.20? (Assume the bond is held to maturity and the company does not default on the bond.)

  Present value of a terminal investment

Calculate the Present Value of a terminal investment that has the following features. show all your work

  Saitama amusements corporation places electronic games and

saitama amusements corporation places electronic games and other amusement devices in supermarkets and similar outlets

  This consists of one or two paragraphs with title

This consists of one or two paragraphs with title on what you propose to write about in your term paper. The term paper topic must be relevant to Astronomy involving any aspect of stars, planetary systems, galaxies, cosmology, etc.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd