User Account

All Pages

Find what was the total dollar annual cost of the revolver

Assignment Help Financial Accounting
Reference no: EM132702079

Problem 1: Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?

Reference no: EM132702079

Questions Cloud

What is coca cola revenue recognition policy : What is Coca Cola's revenue recognition policy? All could find was "Recognizes revenue based on sales that do not allow a right to return, time of delivery
What is meant by a dual career path system : Describe what is meant by a dual career path system and ways to make this system effective.
Construct a cash budget for a typical month : Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, Construct a cash budget for a typical month
Prepare single-step Statement of Comprehensive Income : Prepare single-step Statement of Comprehensive Income using the following: Utilities expense - 2,000 and Salaries expense - 4,000
Find what was the total dollar annual cost of the revolver : If $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?
Determine how infotech import in strat plan : At UC, it is a priority that students are provided with strong educational programs and courses that allow them to be servant-leaders in their disciplines.
Prepare dated journal entries for Old Enterprises : New Ltd. Earned income of $150,000 in 2018 and $180,000 in 2019. Prepare dated journal entries for Old Enterprises for 2018, 2019 and 2020
Discuss consent under the revised common rule : The article on IRB this week discusses broad consent under the revised Common Rule. When you are doing any sort of research you are going to need to have your.
List the four types of non-statutory deductions discussed : Payroll practitioners should be familiar, List the four types of non-statutory deductions discussed in the material and give two examples for each.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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