User Account

All Pages

Determine the proceeds of the note

Assignment Help Accounting Basics
Reference no: EM131584658

Question - On September 1, Bella Salon Company issued a 60-day note with a face amount of $56,400 to Hotlocks Hair Products Company for merchandise inventory. Assume a 360-day year.

a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%.

b. Determine the proceeds of the note, assuming the note is discounted at 8%.

If you could help out on this one too that would be amazing. Thanks.

Steven Inverness's weekly gross earnings for the week ending January 18 were $2,340, and his federal income tax withholding was $468.00. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Inverness's net pay? If required, round your answer to the nearest cent.

Reference no: EM131584658

Questions Cloud

What is the second step of capital budgeting : What is the second step of capital budgeting? In your own words explain, forecast exchange rates using different methodologies.
Draw the seven non isomorphic sub graphs : Are the three graphs shown in Figure isomorphic? (Are any two of them isomorphic?) If so, exhibit the isomorphism.
What component cost of debt should be used : If ABC's tax rate is 40%, what component cost of debt should be used in the WACC calculation
Flotation cost as percentage of funds raised : The company paid $907,000 in legal and other direct costs and $254,000 in indirect costs. What was the flotation cost as a percentage of funds raised?
Determine the proceeds of the note : On September 1, Bella Salon Company issued a 60-day note with a face amount of $56,400, Determine the proceeds of the note, assuming note is discounted at 8%
How to prepare and present an informative speech : Your topic for this speech is assigned to you, and the topic is how to prepare and present an informative speech.
Public debt over the four year period : Show your work in each case 1b What is the public debt over the four year period? Show your work
Decided to place equal year-end deposits in savings account : You have decided to place equal year-end deposits in a savings account for the next 10 years. How much will each annual payment be?
How many edges does the petersen graph have : How many simple 3-regular graphs are there with five vertices? Prove that you have found them all.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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