Amount Due at Maturity $ 6,000.00 Discount Rate 3.50% Time 160 1. Calculate the bank discount: 2. Calculate the proceeds: Ordinary Interest 360 Required: Using the information above please answer the following: Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.
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Amount Due at
Maturity
$ 6,000.00
Discount Rate Time
3.50%
160
Required:
Using the information above please answer the following:
1. Calculate the bank discount:
2. Calculate the proceeds:
X
Navigation:
1. Use the Open Excel in New Tab button to launch this question.
2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.
HHHH
[mm]
Ordinary
Interest
360
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- $50,000 face value 11% rate 95 days June 10 July 18 Find the maturity value, discount period, bank discount, and proceeds (Please & thank you!! Y'all are awesome!!)QUESTION 11 The credit policy of Home Living Stores is 2/10 net 30. At present 25% of customers take advantage of the discount, 55% pay within the net period, and the remainder pay within 42 days of invoice. What will the effect on receivables be if all customers take the discount? cannot be determined lower than the present level higher than the present level no change from the present level#9: Accounts Receivable, beg. 150,000.00; Accounts Receivable, end 125,000.00; Cash Collection from Sales on Account 1,675,000.00. The net sales from customers on cash amounted to __________ if the net sales from on-account customers is 40% of the total Net Sales. (Round your answers to the nearest 2 decimal places)
- not use excel Q)Assume that you need $5,000 after completion of 4 year. Let’s examine the process to determine how much you need to deposit today if discount rate is 7%?Green Company uses the Baumol model tomanage its disbursement account. Monthlycash disbursement is P1,200,000. Cash in thisaccount could have earned 5% on moneymarketable securities. Green incurs P576every time cash is transferred to this account.The optimum cash balance is A. 576,000.00B. 166,276.88C. 124,707.66D. 432,000.00Study this case and answer question asked below: You have the following quotes from Bank A & Bank B Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10 6-months 10/15 Cash/Spot 1/2 SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20 6-months 35/25 If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million
- 1. Cash at bank on 1 January 2023 amounted to R200 000.2. Projected sales for the first four months of 2023:January R220 000February R600 000March R720 000April R850 000Fifty percent (50%) of the sales are for cash and fifty percent (50%) are on credit. Cash customers are entitled to a 5% cash discount.23. Collection of credit sales:· 60% of the credit sales are collected in the month of the sale.· 30% is collected in the following month and the balance is written off as a bad debt.4. Purchases for the first four months of 2023 are expected to be as follows:January R100 000February R150 000March R160 000April R180 000All purchases are on credit. 50% of the purchases will be paid for in the month of purchase and the remaining 50% in the following month.5. Fixed overheads total R200 000 per year and are paid for equally each month.6. Administrative expenses are paid for in the month in which they are incurred and are estimated at a total of R10 000 per monthAn investment of R200 000…5. Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.)30-day billing cycle9/16 Billing date Previous balance $ 2,600 9/19 Payment $ 66 cr. 9/30 Charge: Home Depot 1,800 10/3 Payment 66 cr. 10/7 Cash advance 76 Annual finance charge is 18.5% on average daily balance. Average daily balance $ Finance charge $invoice had the terms of 5/15, n/45. The order amounted to $215,000. Coming Up Roses can borrow money from the local bank at 8½% ordinary interests. How much can Coming Up Roses save by borrowing the funds for 30 days to take advantage of the cash discount?
- Solve $140.10 per month; cash price $5,600; down payment $0 Cash or trade months with bank-approved credit; amount financed $5,600 Finance Charge $2,806 Total payments $8,406 (Use Tables in the handbook). The APR by Table lookup is:Cy loans Mookie The Beagle Concierge $1,000 at 6% annual interest. Record the transaction as a loan payable as follows. Required: 1. Complete a Deposit. a. Select (+) New icon > Bank Deposit b. Select Account: 1001 Checking c. Select Date: 01/12/2023 d. In Add Funds to This Deposit section, select Account: + Add New > Account Type: Other Current Liabilities > Detail Type: Loan Payable > Name: Loan Payable > Number: 2300 > Save and Close e. Select Payment Method: Check f. Enter Reference Number: 5002 g. Enter Amount: 1000.00 h. Select Save and close i. What is the Amount of the Loan Payable? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. Amount of the loan payable () View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting b. From the Chart of Accounts, select 2300 Loan Payable > View Register c. From the Register, select the transaction just recorded > Edit d. From the…38 - After a 15% discount on an invoice, the invoice amount has decreased to 170 TL. In this case, what is the main value of the invoice? (Outer Percentage Calculations Basic Value Calculation formula X = (100 * X2) / 100 − ?)A) 500B) 200C) 300D) 400E) 100
