What is the effective interest rate

Assignment Help Accounting Basics
Reference no: EM131912413

Question - A man has a simple discount note for $6, 500 at an ordinary bank discount rate of 8.84%, for 50 days. What is the effective interest rate? Round to the nearest tenth of a percent.

Reference no: EM131912413

Questions Cloud

What theme about society : QUESTION: What theme about society, life, or the world is the author making?
What is appropriate contrast rate for one year loan : What is the appropriate contrast rate for 1 year loan and 4 year loan?
What is included in the membership : Research to find one professional association, either locally or nationally, that you feel will provide you. What is included in the membership?
Manufacturing part or to buy it from outside supplier : The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier
What is the effective interest rate : A man has a simple discount note for $6, 500 at an ordinary bank discount rate of 8.84%, for 50 days. What is the effective interest rate
Common stock value long dash-variable growth : Common stock value long dash—Variable growth. Newman manufacturing is considering cash purchase of the stock of Grips Tool.
How you would address a breach of confidentiality : How does confidentiality in a group differ from confidentiality in individual counseling? Also, discuss how you would address a breach of confidentiality.
How you will develop a plan to meet goals : Write a 2-3 short-term professional goals (following the SMART method) and how you will develop a plan to meet them.
Discussion question-informative speech outline draft : Please complete the following steps for your discussion post and response.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Control alt design acquired 30 of the outstanding common

control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 800000

  How much revenue from franchise fees would be recorded

(Franchise Fee, Initial Down Payment) On January 1, 2014, Lesley Benjamin signed an agreement to operate as a franchisee of Campbell Inc.

  Calculate number of shares outstanding after stock dividends

Calculate the number of shares outstanding after the stock dividends are issued. What is the maximum amount that the corporation could use for cash dividends on that date?

  What is receivables float

Name at least two different types of inventory valuation methods. Discuss the advantages and disadvantages of each method.

  Access the sec website to locate litigation releases

This assignment is graded for content, correct use of English language and grammar. You are highly encouraged to use the writing centers offered by the University and Mihaylo College before submitting your assignment

  What amount of interest expense glove corporation will show

If the company uses the straight-line method of amortization, what is the amount of interest expense Glove Corporation will show for the year ended

  In february one of the processing departments at carpentier

in february one of the processing departments at carpentier corporation had beginning work in process inventory of

  Industry background before accepting an audit client story

"Auditors shouldn't be allowed to act like God," said Hideyuki Aizawa, a senior member of Japan's major political party the LDP. "Resona should be the first and last time this happens."

  Janice was a cash basis taxpayer at the time of her death

janice was a cash basis taxpayer. at the time of her death she was owed 100000 in accrued salary. upon janices death

  What amount may brunettes deduct

The bonus was awarded at the December board meeting based on Vera's threat to accept a better paying job with a competitior. What amount may Brunettes deduct?

  Martin amp associates borrowed 5000 on april 1 2013 at 8

martin amp associates borrowed 5000 on april 1 2013 at 8 interest with both principal and interest due on march 31

  Carver company produces a product which sells for 30

carver company produces a product which sells for 30. variable manufacturing costs are 15 per unit. fixed manufacturing

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!

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