User Account

All Pages

If the company borrows 8330 to pay for the purchase on the

Assignment Help Accounting Basics
Reference no: EM13568252

A company purchased merchandise inventory at a cost of $8500 with credit terms 2/10, net 60. If the company borrows $8330 to pay for the purchase on the last day of the discount period and pays the loan plus interest in the amount of $8466.93 on the last day of the credit period, what is the interest rate for borrowing money from the bank?

Reference no: EM13568252

Questions Cloud

Which of the following lists correctly ranks investments : over the past 75 years we have observed that investments with higher average annual returns also tend to have the
Investment abd will pay you 7000 for each of the next 9 : investment abd will pay you 7000 for each of the next 9 years whereas investment xyz will pay you 9000 for the next 6
Motorcade company has three service departments s1 s2 and : motorcade company has three service departments s1 s2 and s3 and two production departments p1 and p2. the following
Your task is to provide and answer a topic of discussion : movie-for greater gloryin the movie for greater glory we can perceive in the background the mexican revolution. this
If the company borrows 8330 to pay for the purchase on the : a company purchased merchandise inventory at a cost of 8500 with credit terms 210 net 60. if the company borrows 8330
A standard deviation of returns of 18 and the market risk : if stock a has a beta of 1.2 and a standard deviation of returns of 18 and stock b has a beta of 1.8 and a standard
Te company had 250000 shares of 10 par value common stock : on may 1 a companys board of directors declared a 10 stock dividend to be distributed on june 1 to the stockholders of
Write a literature review based on the following title and : question write a literature review based on the following title and the research questions indicated below. the
On june 30 the board of directors of sandals inc declares a : on june 30 the board of directors of sandals inc. declares a 2-for-1 stock split on its 30000 3 par common shares. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  What were dividends per share paid by the firm

What were dividends per share paid by the firm in 2010 - Record your answer rounded to the nearest cent.

  Amount of total assets at the end of year

During the year, total liabilities increased $100,000 and owner's equity decreased $70,000 What is the amount of total assets at the end of the year?

  Determine the cost of goods purchased under

Identify the accounts that are added to or deducted from purchases to determine the cost of goods purchased under a periodic system. For each account, indicate (a) whether it is added or deducted, and (b) its normal balance.

  Journal entries of quinones county general fund

Prepare the journal entries (budgetary and actual) to record the following transactions of the Quinones County General Fund.

  Assume that you are a manager and you have three potential

assume that you are a manager and you have three potential capital investment projects to choose from. funds are

  Record as an asset that is amortized

Some accountants have advocated that a company's human assets be measured and included directly in the financial statements. For example, cost of hiring and training an employee would be recorded as an asset that is amortized over the employee's e..

  Formulate the problem as a linear program with optimal

premier consulting has two consultants avery and baker who can be scheduled to work for clients up to a maximum of 160

  Calculate the equivalent units for conversion costs

Calculate the equivalent units for conversion costs for the month in the first processing department.

  Explain the components of the capital structure what are

what are the components of the capital structure? what are the differences of these components? how do you determine

  Prepare the entry for the sale

A company purchases a $100,000, 10-year bond on January 1, 19X1 at 107. After 5 years, it sells the bond at 102. Prepare the entry for the sale.

  Prepare a reconciliation of net income to net cash flows

the accounting records of rockness company provided the data below in 000snet income 25200depreciation and

  On january 1 2013 janus company issued bonds with a face

on january 1 2013 janus company issued bonds with a face value of 200000 a stated rate of interest of 6 and a 10-year

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