Several banks have offered loans to the Sanchez Computer Center for its expansion. However, Freedman wants to
Question:
Assignment
Using the information provided by each bank, determine the due date and interest amount for each.
Bank of America ... A 90-day note dated April 15 for $20,000 at a 6% interest rate
Bank One ..... A 120-day note dated April 10 for $40,000 at a 5% interest rate
Capital One Bank .. A 75-day note dated April 5 for $30,000 at a 4% interest rate
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Bank of America Note Calculation of Due Date Using Table 141 April 15 Days Tab...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Several banks have offered loans to Smith Computer Center for its expansion. However, Feldman wants to weigh each option to determine the best financial situation for the company. Currently, Smith...
-
The Sanchez Computer Center currently has an $11,900 balance in Accounts Receivable. Here is a current schedule of Accounts Receivable: Sanchez Computer Center Schedule of Accounts Receivable March...
-
The Sanchez Computer Center created its chart of accounts as follows: You will use this chart of accounts to complete the Continuing Problem. The following problem continues from Chapter 1. The...
-
An inclined manometer is a useful device for measuring small pressure differences. The formula given in Section 3.4 for the pressure difference in terms of the liquid-level difference h remains...
-
Experiment d. Consider again the data presented in Section 6.6, Exercises 1-4, Find the median and the mode, and compare with the expectation. When is the median greater than the expectation?...
-
From the following information, draw up the trading account section of the statement of profit or loss of C. Dale for the year ending 31 January 2016, which was his first year in business: Carriage...
-
Review Amazon.coms audit report in Exhibit 1.7 and discuss what the report tells you about Amazons financial statements. Is there anything in the audit report that causes you concern? Why or why not?...
-
The accounts of Lincoln International, a U.S. corporation, show $81,300 accounts receivable and $38,900 accounts payable at December 31, 2011, before adjusting entries are made. An analysis of the...
-
A buyer transacted and bought goods from a British company for 9,150 pounds. This was indicated in the invoice dated December 2, 2024. The buyer paid the invoice on February 1, 2025. Spot rates for a...
-
A process plant consumes of 12500 kWh per month at 0.9 power Factor (PF). What is the percentage reduction in distribution losses per month if PF is improved up to 0.96 at load end?
-
Journalize the following transactions for Alden Company: 201X Apr. 18 Received a $12,000, 90-day, 8.5% note from Alex Coates in payment of account past due. May 9 Wrote off the Barney Clark account...
-
Identify each situation as a capital expenditure or revenue expenditure. Capital Revenue Expenditure Expenditure Addition Extraordinary Repair Betterment/ Situation a. New truck engine replaced b....
-
A ratio-level number contains ____ information than a nominal-level number.
-
What are the different Management Reporting Software? Explain the different advantages and disadvantages of using the management reporting software from what you have given for the further...
-
Assume Samsung is designing a new smartphone. Each unit of this new phone is expected to require $285 of direct materials, $10 of direct labor, $30 of variable overhead, $5 of variable selling and...
-
For the year just ended, Cole Corporation's manufacturing costs (raw materials used, direct labor, and manufacturing overhead) totaled $1,500,000. Beginning and ending work-in-process inventories...
-
1. You want to save your money for a down-payment on a home in ten years.You currently have $8,000 invested today at a 6 % rate compounded annually . You plan to deposit $1200 at the beginning of...
-
Falco Inc. paid$28,000 as a down payment for a machine. The balance was financed with a loan at3.25% compounded semi-annually and required payments of$7,500 to be made at the end of every six months...
-
The CEO of Redstone Ltd has just been discussing a planned new debenture issue with the financial advisers, and has come to you with some resulting accounting questions. Answer each of the following:...
-
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...
-
Using Internet sites, support the growth of the sporting goods industry.
-
Lyon Co. has used a perpetual inventory system for 6 months. The president of the company issued a memo stating that the new computer system failed to deliver acceptable standards in servicing the...
-
Why are there two entries required to record each sale in the perpetual inventory system?
-
What are the four methods of inventory valuation? Explain each.
-
Paraphrase the following direct quotations without using the author's exact words or synonyms. "Creating a culture of positive mental health and reducing barriers to treatment as well as...
-
You have been asked to assess a new investment project that Starbucks is considering making in the retailing business. You have been provided with the following information: Starbucks Regression beta...
-
Cayman Auto has $600,000 of debt outstanding, and it pays an interest rate of 8% annually: Cayman Auto's annual sales are $3 million, its average tax rate is 25%, and its net profit margin is 3%. If...
Study smarter with the SolutionInn App