FIN 510 - Week 3 - Quiz

Help please

Question 4: Jerry's Concrete allows his customers to create six-month promissory notes on any stamped concrete driveway project with interest at 8.9%. Three months after completing a $17,300 job on February 2, 2022, Jerry had some liquidity problems and sold the promissory note to a financial institution at a simple interest rate of 10.35%. Calculate Jerry's proceeds on the sale

37-On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the balance to be paid in monthly instalments of RO 500. What amount of the loan will be disclosed under current liabilities in the balance sheet on 31 Dec 2020? a. RO 7,000 b. RO 6,000 c. RO 5,000 d. RO 3,000

Delmar company purchase a building on January 1 by signing a long-term $3,300,000 mortgage with monthly payments of $30,800. The mortgage carries an interest rate of 10%. What will be the amount owed on the mortgage after the first payment? A. $3,300,000 B. $3,296,700 C. $3,269,200 D. $3,272,500

Hi expert provide correct answer general accounting

Problem #3: A loan of amount $16720.82 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $1000 each, and the final 9 payments are each $2000. Interest is at an effective annual rate of 4.2%. What is the amount of the principal repayment in the 6th payment? Problem #3: 2/2V 329.49 Answer correct to 2 decimals. A

what's the best answe for problem 7-5 and 7-7

MND

Bha

Take a look at the chart pls..

Course: UNIV University of the People Borrowing Your business requests a 3-month loan for $500,000. What will be the interest paid at the end of the term if the business risk percentage is assessed at 2.2% and LIBOR is at 2.8%? interest paid = $ [ ? ] Round to the nearest hundredth. Enter right 2003-2021 Acellus Corporation. All Rights Reserved. MacBook 80 888 DL 74 F8 &

Help please

Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount Origination fee charged againstthe borrower Direct origination cost incurred Indirect origination costs 2,000,000 171,050 75,000 15,000 After considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloan is 12.5%. Q1. The carrying amount oftheloan on January 1, 2020: is Q2: The journal entries on January 1,2020: Problem 2: LSB granted a loan to the borrower on January1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount Origination fee charged against the borrower Direct origination cost incurred 1,500,000 50,000 130,150 After considering the…

Calculator sequence (1+(i÷365))y× n x P=A   A.  On April 13th Thomas Ash deposited $2600 in a passbook savings account at 3.5% interest compounded daily what is the compound amount in $ of his account on August 5th? $ B.  Using daily compounding calculate the compound amount in $ of a $6000 investment for each of the 3 Cd's. the 1st national bank is offering a 5 year CD 4% interest.....$ the 2nd national bank is offering a 5 year CD at 3% interest....$ the 3rd national bank has a 5 year CD at 5.5% interest .....$

Financial accounting questions

Help please