On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $50,400
Proceeds from Notes Payable
On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $50,400. Assume a 360-day year.
a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%
b. Determine the proceeds of the note, assuming the note is discounted at 7%.
Homework Answers
| Answer | ||
| a | ||
| Proceeds of the note | $ 50,400 | |
| b | ||
| Proceeds of the note | $ 49,518 | 50400-(50400*7%*90/360) |
Add Answer to:
On January 26, Nova Co. borrowed cash from Conrad Bank by issuing a 90-day note with a face amount of $50,400
eBook Show Me How Calculator Print Item Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conr...
eBook Show Me How Calculator Print Item Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. b. Determine the proceeds of the note, assuming the note is discounted at 10%.
On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 90-day note with...
On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 90-day note with a face amount of $73,200. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. $ b. Determine the proceeds of the note, assuming the note is discounted at 9%. $
Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing...
Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $44,400. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. b. Determine the proceeds of the note, assuming the note is discounted at 9%. Journalize Payroll Tax The payroll register of Patel Heritage Co indicates $1,308 of social security withheld and $327.00 of Medicare tax...
On May 15, Maynard Co, borrowed cash from Texas Bank by issuing a 30-day note with...
On May 15, Maynard Co, borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $88,800. Assume a 360-day Required: a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. 63,600 X b. Determine the proceeds of the note, assuming the note is discounted at 7%. 63,229 X
1 Need this done asap. Thanks in advance! Proceeds from Notes Payable On January 26, Vibrant...
1
Need this done asap. Thanks in advance!
Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $46,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. b. Determine the proceeds of the note, assuming the note is discounted at 8%.
ice 11... i need 1a, 2a, 3a solved PE 10-1A On October 12, Belleville Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $70,000, a. Determine the proceeds of the note, a...
ice 11... i need 1a, 2a, 3a
solved
PE 10-1A On October 12, Belleville Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $70,000, a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Proceeds from notes payable OBJ. 1 EE 10-1 p.457 HOW PE 10.1 B On January 26, Nyree Co. borrowed...
1. Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by...
1. Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $225,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. $ b. Determine the proceeds of the note, assuming the note is discounted at 8%. 2. Employee Net Pay Lindsey Vater’s weekly gross earnings for the week ended March 9 were $800, and her...
Proceeds from Notes Payable On September 1, Nova Salon Company issued a 60-day note with a...
Proceeds from Notes Payable On September 1, Nova Salon Company issued a 60-day note with a face amount of $38,400 to Motlocks Hair Products Company for merchandise inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10% b. Determine the proceeds of the note, assuming the note is discounted at 10%
Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing...
Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $78,000. Assume a 360-day year. Required: a. Determine the proceeds of the note, assuming the note carries an interest rate of 5%. $ b. Determine the proceeds of the note, assuming the note is discounted at 5%. $ 2. Bob Dunn's weekly gross earnings for the present week were $2,250. Dunn has two exemptions. Using the...
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,020 of social security withheld...
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,020 of social security withheld and $255 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,060. Retirement savings withheld from employee paychecks were $2,600 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Cash Payroll Tax Expense Salaries Expense Social Security Tax Expense Social Security...
eBook Show Me How Calculator Print Item Proceeds from Notes Payable On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $150,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%. b. Determine the proceeds of the note, assuming the note is discounted at 10%.
Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $44,400. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. b. Determine the proceeds of the note, assuming the note is discounted at 9%. Journalize Payroll Tax The payroll register of Patel Heritage Co indicates $1,308 of social security withheld and $327.00 of Medicare tax...
On May 15, Maynard Co, borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $88,800. Assume a 360-day Required: a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. 63,600 X b. Determine the proceeds of the note, assuming the note is discounted at 7%. 63,229 X
1
Need this done asap. Thanks in advance!
Proceeds from Notes Payable On January 26, Vibrant Co. borrowed cash from Conrad Bank by issuing a 60-day note with a face amount of $46,800. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%. b. Determine the proceeds of the note, assuming the note is discounted at 8%.
ice 11... i need 1a, 2a, 3a
solved
PE 10-1A On October 12, Belleville Co. borrowed cash from Texas Bank by issuing a 30-day note with a face amount of $70,000, a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Proceeds from notes payable OBJ. 1 EE 10-1 p.457 HOW PE 10.1 B On January 26, Nyree Co. borrowed...
Proceeds from Notes Payable On September 1, Nova Salon Company issued a 60-day note with a face amount of $38,400 to Motlocks Hair Products Company for merchandise inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 10% b. Determine the proceeds of the note, assuming the note is discounted at 10%
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,020 of social security withheld and $255 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,060. Retirement savings withheld from employee paychecks were $2,600 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Cash Payroll Tax Expense Salaries Expense Social Security Tax Expense Social Security...
Most questions answered within 3 hours.
-
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 23 minutes ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 27 minutes ago -
A single cable supports an 703-kg elevator car. What is the
tension in the cable when...
asked 29 minutes ago -
among the three different ways to link CSS specifications to an
HTML document (inline CSS, document...
asked 41 minutes ago -
(1) Write the net ionic equation for the reaction that occurs
when equal volumes of 0.191...
asked 1 hour ago -
On the night of April 18, 1775, a signal was to be sent from the
Old...
asked 51 minutes ago -
For each of the following strong base solutions, determine
[OH−],[H3O+], pH, and pOH 4.8 x 10^-4...
asked 46 minutes ago -
The magnitude of the electric field inside a capacitor is 6.6 x
106 N/C. What is...
asked 46 minutes ago -
Organizations may have only a few products or many products in a
product line. Consider Campbell...
asked 1 hour ago -
could you please help me to explain the nmr splitting
integration and chemical shift and assignment...
asked 56 minutes ago -
A
29.0 cm diameter coil consists of 23 turns of cylindrical copper
wire 2.00 mm in...
asked 1 hour ago -
Q1
Two of your friends each received the results of their
first midterm exam this term....
asked 1 hour ago