Rebecca signed a $6,000, 120-day, 14% exact simple interest note on May 6. She made partial payments of $1,000 on June 4, and $2,000 on July 3. Find her payoff amount on the maturity date of the note, according to the U.S. Rule.
Q: In its first year of operations, maria Corp earned 48100 in service revenue. On that amount 8200 was…
A: a) Calculation of Income under Accrual Basis of Accounting Revenue 48,100 Various…
Q: When we use the term “capital budget,” we are referring to the list of projects that business might…
A: CAPITAL BUGETING- Capital Budgeting refers to the decision-making process related to…
Q: 2. Mr. Reis has these daily balances on his credit card for his last billing period. He did not pay…
A: Average daily balance is the average of the monthly expenses. The total balance is calculated by…
Q: An investor owns $3,000 of Adobe Systems stock, $6,000 of Dow Chemical, and $7,000 of Office Depot.…
A: Weight are the proportion of individual security to total investment in portfolio. It is calculated…
Q: 3,000, and the variable cost per table is P65. The tables sell for P180 per piece. a. For a monthly…
A: a) Total Cost = Variable Cost + Fixed Cost Total Cost = (300 x 65) + 8,000 Total Cost = 27,500…
Q: You would like to have $57,000 in 14 years. To accumulate this amount, you plan to deposit an…
A: Here, Required Amount is $57,000 Time Period is 14 years Interest Rate is 6%
Q: wo potential explanations for the observed stock price reaction around equity carveout…
A: Equity carve out is a type of business reorganization. In this type of business reorganization, a…
Q: 1. Construct a partial amortization schedule showing the last 2 payments. PMT Setting N I/Y P/Y C/Y…
A: An amortization schedule is used to show the components of the periodic payment, i.e., how much of…
Q: NY plc, which pays corporation tax at 33%, has the following capital structure: Ordinary shares:…
A: The weighted average cost of capital (WACC) measures a company's average cost of capital from all…
Q: A father is now planning a savings program to put his daughter through college. She is 13, plans to…
A: This is a time value of money concept based question. There is a quantum of funds required for…
Q: The basic principle of valuation states that the value of any asset is: O The sum of the present…
A: The present value of an asset is the sum of all future cash flows discounted at the discount rate.
Q: Best Ever Results Inc. has a project under consideration with the following estimated cash flows:…
A: The net present value method is used to find out the profitability of a project by adding up…
Q: Evaluate the two alternatives A and B and decide the economic justified alternative using: Present…
A: Thanks for the Question. Bartleby's Guideline: “Since you have posted a question with multiple…
Q: The pressures on the foreign exchange market are such that they cause the British pound to…
A: In this question, the pressure on the foreign exchange market causes the British Pound to depreciate…
Q: 28. What is scarcity? O Balancing unlimited wants with lim OBalancing trade between different:…
A: Scarcity is the gap between scarce resources and unlimited wants that are never-ending but to…
Q: Suppose you have deposited $10,000 in your high-yield saving account today. The savings account pays…
A: Initially, we shall calculate the amount available in the account after 1.5 years which can be…
Q: Question 2 The owner of an apartment building can rent all 60 suites (is) if $120 per month is…
A: At present 60 suites can be given for rent for $120 per month for each suite. And that will be…
Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…
A: The following information given in the question: 1. Balance is (b) = $350 2. Payment ( p ) = $300 3.…
Q: Which of the following about Treasuy inflation protected securities is NOT true:
A: A treasury inflation protected security is one which protects the investor from rising inflation.…
Q: What is the benefits of floating exchange rates?
A: Floating Exchange Rate refers to a methodology where price of currency of a nation is determined by…
Q: Johan wants to buy a car on hire purchase for N$49000 at the rate of 12% p.a. repayable using…
A: Payment of loan installments are based on the concept of compounding and time value of money. Here…
Q: When does a leveraged buyout occur?
A: Leveraged Buyout: An LBO (leveraged buyout) is the acquisition of another firm by using a…
Q: Jaleel is holding some Tesla shares (NASDAQ: TSLA) and The TSLA stocks are currently trading at $985…
A: Given, The price of the stock is $985
Q: A portfolio manager has positions that include a £100,000 investment in A Corp and a £75,000…
A: Portfolio standard deviation In a two asset portfolio, the standard deviation of the portfolio is…
Q: With relevant examples demonstrate the essence of sound financial management to supply chain
A: Financial management is defined as the planning, organizing, directing, and also controlling of the…
Q: Give 2 factors that you will consider when using the following assets as stores of value?Explain the…
A: Factors that have to be considered when using the Real Estate as stores of value are as follows:…
Q: Marian Plunket owns her own business and is considering an investment. If she undertakes the…
A: Year 0 cash flow = - $10,000 Year 1 cash flow = $40,000 Year 2 cash flow = - $10,000 (i.e. $40,000 -…
Q: A company is considering a new project requiring an upfront fixed-asset investment of $1,000,000…
A: Net Present value is present value of cash flow minus initial investment
Q: Consider a $150,000 loan with an annual interest rate of 6.5 percent and a 30-year term. Discount…
A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…
Q: A project will have annual operating cash flows of $36,500 for four years. At the beginning of the…
A: Net Present Value (NPV) = Present Value of Cash Inflows - Initial Investment
Q: a. Estiamte the free cashflow to all investors of this project. b. Find the project’s NPV c. By…
A: Free cashflow of a project means that the net cashflow expected in each year. This includes…
Q: What is the essence of sound financial management in an organisation.
A: Financial management is one of very important for any organisation and achieve the objectives of…
Q: Economic Condition (probability) Stock A (40% of portfolio) Stock B (60% of portfolio) Recession…
A: The expected rate of return is the average amount of interest that a company gives regardless of the…
Q: Your 30-year mortgage loan for 500 mil. is made at 4.8% p.a. which is to be paid by equal monthly…
A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…
Q: A fixed interest investment is growing at 2.9% per year. Its current value is $3500. a.) What will…
A: The concept of the time value of money states that the same amount of money has more value today…
Q: 18. If you are credit True False O
A: Credit rating is very important to know that if you are eligible for the loans and credit. The…
Q: How much money must an electrical contractor deposit every year in her savings account starting 1…
A: Interest rate = 7.5% Future Value = $9,000 Time period = 5 years
Q: The required return on a particular stock as 14% according to the CAPM. The stock's beta is 1.5.…
A: The Capital Asset Pricing Model (CAPM) refers to the model which tells us how the financial markets…
Q: uld OPEC (The Organization of the Petroleum Exporting Countries) do if they want to increase their…
A: There are many ways to increase the revenue but most suitable method should be taken to increase the…
Q: Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a…
A: Buy back price = $10,000,090 Purchase price = $9,999,827 Day to maturity = 5
Q: hich one of the following attributes is favorable for the convertible bond arbitrage? low…
A: The bonds can be converted into number of shares on expiration of bond due to which bonds have good…
Q: Q2- Calculate the future worth and draw cash flow diagram as shown - P=3232 - F=? - 1=8% - Y=3
A: We will use the concept of time value of money here. As per the concept of time value of money the…
Q: One of the best known examples of how an organization can use its supply chain to achieve a…
A:
Q: Assume that you are 30 years old today and that you are planning on retirement at age 65. Your…
A: Given: Particulars Amount Years 30 Retirement age 65 Current salary $45,000 Growth rate…
Q: How does regret avoidance contribute to the disposition effect? What kind of steps do…
A: In the world of investing behavioral science plays a very important role. In fact behavioral…
Q: .50 percent coupon bond with 18 years left to maturity is offered for sale at $1,035.25. What yield…
A: Yield to maturity is rate of return realized on the bond when bond is held till maturity of bond and…
Q: Blue Company, have developed a new cellular phone battery that high performance flash drive and…
A: Net present value (NPV) NPV is a capital budgeting tool to decide whether the capital project should…
Q: when comparing a firm's ratios to an industry, is it bad to he below average? explain your answer…
A: In finance we often use financial ratios to determine and evaluate the financial health and position…
Q: A 15-year bond with 9% coupons paid semi-annually will be redeemed at P 6,300. The bond is bought to…
A: Given: Years = 15 Coupon = 9% Redeemable value = P6,300 Yield = 7.5% Purchase price = P6,750
Q: What are the disadvantages of only accounting for cash income and expenses in basic cost and return…
A: Return means earn additional over the investment amount during the period. Before investing in any…
Rebecca signed a $6,000, 120-day, 14% exact simple interest note on May 6. She made partial payments of $1,000 on June 4, and $2,000 on July 3. Find her payoff amount on the maturity date of the note, according to the U.S. Rule.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Barry signed a $5,000, 75-day, 15% ordinary simple interest note on March 14. He made a partial payment of $2,500 on April 12. Find his payoff amount on maturity date of the note, according to the U.S. Rule.Berry signed a $5000 , 75 day, 15% ordinary simple interest note on March 14. He made a partial payment of $2500 on april 12;. Find his payoff amount on the maturity date of the note according to the us ruleFrank Peterson owes $25,000 on a 6%, 180 day note. On day 15, he pays $6300 on the note. On day 50, he pays an additional $12,600. Based on the U.S. Rule, calculate the following. Adjusted balance after the first payment? Adjusted balance after the second payment? Balance at maturity?
- On October 31, Sarah Willis borrowed $5,600 from the Vestal Central Bank. She gave the bank her 90-day note for that amount. The note was dated october 31, and the exact interest rate was 12%. a-Find the date of maturity for the note. b-How much did Sarah pay to the bank on the maturity date?Mark purchased a 90 -day interest-bearing note at 4.80% p.a. that has a face value of $5,000.00. a. If she holds the note for the full 90 days, calculate the maturity value of the note. Round to the nearest cent b. If the note is discounted 42 days from maturity at a rate of 6.20% p.a., calculate her proceeds. Round to the nearest centKent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of 1,000on February 16, and 1,500 on March 14. Find his payoff amount on April 10 according to the U.S Rule.
- Roni Lockard signed a $26,500 simple discount promissory note at a certain bank. The discount rate was 14%, and the note was made on February 18 (not in a leap-year) for 113 days What proceeds (in $) will Roni receive on the note? What is the maturity date of the note?Martinez Co. borrowed $50,000 on March 1 of the current year by signing a 60-day, 9%, interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include aOn January 12021 Norwood borrows 590000 cash from a bank by signing a five year installment note bearing 7 percent interest the note requires equal payments of 143895 each year on December 31
- Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?On June 1, Mia deposited $3,800 in an MMDA that pays 4% interest. On October 31, Mia invested $2,700 in a three-month CD that pays 6%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is? (Round to the nearest cent)Suat opens a deposit account in a bank by depositing 10,000 TL. In addition, he will deposit 6,000 TL into the account one year later and 4,000 TL the following year. The deposit account is valued at the annual fixed effective interest rate %. Calculate the interest rate, i, if the value of the money in Suat's account is 22,000 TL at the time that Suat deposits 4,000 TL.