$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was...
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Inter...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The functions in Exercises 1128 are all one-to-one. For each function, a. Find an equation for f -1 (x), the inverse function. b. Verify that your equation is correct by showing that f( f -1 (x)) = x...
-
The shareholders' equity for Blade, Inc. on December 31, 2014, follows: Shareholders' Equity Share Capital: Common Shares, 100,000 shares authorized, 50,000 shares issued and outstanding...
-
Distinguish between a cost center, a profit center, and an investment center.
-
$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was the interest rate per month on the loan?
-
The management of Easterling Corp. is considering the effects of various inventory-costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for...
-
Do not round intermediate calculations. Round your answer to the nearest cent. (3) what is the value of the bond? Do not round intermediate calculations. Round your answer to the nearest cent
-
A late payment of $850.26 was considered equivalent to the originally scheduled payment of $830.00, allowing for interest at 9.9%. How many days late was the payment?
-
What is the time interval (in months) separating equivalent payments of $3500.00 and $3439.80 if money is worth 5 % per annum?
-
What is the difference between depreciation expense and accumulated depreciation? On which financial statement(s) do depreciation expense and accumulated depreciation appear?
-
Kids with phones: A marketing manager for a phone company claims that more than 52% of children aged 8-12 have phones. In a survey of 808 children aged 8-12 by a national consumers group, 469 of them...
-
Our company is a contract manufacturer of consumer and business electronics. We use "textbook" normal absorption costing, with machine hours (MHS) used as the allocation base to allocate...
-
Swank Products is involved in the production of camera parts and has the following inventory, carrying and storage costs. i. Orders must be placed in a multiple lot of 100 units. ii. Annual units...
-
If a Marketing Campaign costs $ 1 4 , 3 5 0 , elicits 2 0 enquiries and results in business revenue of $ 4 0 , 0 0 0 then what is: a ) the cost per enquiry? b ) the benefit - cost ratio ( to 2...
-
The domestic demand and supply for sugar are, respectively, Qd = 60,000 - 400P and QSD = 20,000 + 500P. The foreign supply is QSF = 20,000 + 100P. Suppose an import quota of 13,000 is imposed in the...
-
Let g(x) f(t) dt, where f is the function whose graph is shown. (a) At what values of do the local maximum and minimum values of occur? (b) Where does attain its absolute maximum value? (c) On what...
-
In a nonmagnetic medium, E = 50 cos (10 9 t 8x) a y + 40 sin (10 9 t 8x) a z V/m find the dielectric constant r and the corresponding H.
-
Blanchard Company issued a note receivable to Tucker Company. (a) Who is the payee? (b) What is the title of the account used by Tucker Company in recording the note?
-
The maker of a $10,000, 8%, 90-day note receivable failed to pay the note on the due date of June 30. What accounts should be debited and credited by the payee to record the dishonored note...
-
The note receivable dishonored in Eye Opener 14 is paid on July 30 by the maker, plus interest for 30 days, 10%. What entry should be made to record the receipt of the payment?
-
The payroll register of the Fox Manufacturing Company showed total employee earnings of $38,000 for the week ended April 19, 20X1. Compute each of the employer's payroll taxes for the period. Use a...
-
Majesty Video Production Incorporated wants the mean length of its advertisements to be 35 seconds Assume the distribution of ad length follows the normal distribution with a population standard...
-
La compaia Wilton Co report los siguientes resultados de la venta de 5,000 martillos en mayo: ventas $200,000, costos variables $120,000 costos fijos 500,000 ingreso neto $20,000. Presuma que Wilton...
Study smarter with the SolutionInn App