A simple discount note for $6,600 at a ordinary bank, Accounting Basics

Assignment Help:

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent

Related Discussions:- A simple discount note for $6,600 at a ordinary bank

The ratio of to is an example, The ratio of _...

The ratio of __________ to __________ is an example of a __________ ratio. A. quick assets; current liabilities; leverage B. cost of goods sold; total assets; asset utilization

Tips to keep in mind while making financial statements, Tips to be keep in ...

Tips to be keep in mind while preparing the Financial Statements : 1. Objects given in the trial balance must be revealed only once as it is assumed that they are already adjust

An invoice for product x totals $1, An invoice for product X totals $1,200 ...

An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912

Effect of transction, example of increase asset, decrease owner equity

example of increase asset, decrease owner equity

Perdisco accounting assignment, i have an assignment fro perdisco platform ...

i have an assignment fro perdisco platform managing general entries of basic accounts will u guys be able to help with it

Describe about net sales, Q. Describe about Net sales? Sales -- amounts...

Q. Describe about Net sales? Sales -- amounts received or due for services or goods sold to customers. Gross sales aretotal sales before any returns or adjustments. Net sales a

Determine the specific citation for accounting, Determine the specific cita...

Determine the specific citation for accounting for each of the following items: 1. Accounts receivables from related parties should be shown separately from trade receivables. 2. T

Acct, Gwinnett Park Co. reported net income of $506,600 for its fiscal year...

Gwinnett Park Co. reported net income of $506,600 for its fiscal year ended September 30, 2014 . At the beginning of that year, 150,000 shares of common stock were outstanding. On

Explain the schedule of accounts payable, Schedule of Accounts Payable ...

Schedule of Accounts Payable Lists the balances of accounts payable ledger, and Accounts Payable controlling account demonstrates the total amount owed to ALL creditors. Th

The sneed corporation issues 10, The Sneed Corporation issues 10,000 shares...

The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $75

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages