User Account

All Pages

How much is the gain on discounting

Assignment Help Accounting Basics
Reference no: EM132779588

Problem 1: Miraculous Company accepted from a customer a P4,000,000, 90-day 12% interest bearing note dated August 31, 2019. On September 30, 2019, Miraculous discounted the note at the Apex State Bank at 15%. How much is the gain / (loss) on discounting if the note discounted is accounted for as secured borrowing?

Reference no: EM132779588

Questions Cloud

In what situations would you use lump sum gmp : 1) In what situations would you use Lump Sum GMP? In what situations would you use Progressive GMP?
Discuss the situation in relation to the justice theory : You work for Shaheen Traders in capacity of Marketing Executive. You have MBA degree and 2 years' experience and your salary is Rs.50,000
Record the transactions assuming stojanovic uses a perpetual : Record the transactions assuming Stojanovic uses a perpetual inventory system. At the beginning of September 2021, Stojanovic Distributing Company
What are the risk at managerial and strategic level : What are the consequences if these risk occur? And what are some responses/solutions to these risks?
How much is the gain on discounting : The note at the Apex State Bank at 15%. How much is the gain / (loss) on discounting if the note discounted is accounted for as secured borrowing?
What is the best way to conduct a problem statement : What is the best way to conduct a problem statement? Diamond Estate Wine and Spirits inc : growing in a fragmented industry
Create and plan job design idea : You are a district manager now of a dunkin donuts store and you have to create and plan Job Design idea.
Which business merger differs from a business consolidation : Which business merger differs from a business consolidation because? a merger dissolves all but one of the prior entities, but a consolidation dissolves
Explain the importance of a brand to an organisation : Explain the importance of a brand to an organisation.

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