![HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest rate [LO13-2] Life.com issued $13 minion of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round Annual Effective Rate to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) 9/12 Calculation of discount 13,000,000 S 780,000 780,0001 = 01% x 9/12 Proceeds](http://img.homeworklib.com/questions/5b673050-718c-11ea-91f8-e958a33cb94c.png?x-oss-process=image/resize,w_560)
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HW Problems Help Save &Exit Submi Check my work Brief Exercise 13-5 Non-interest-bearing note; effective interest...
Life.com issued $13 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $13 million of commercial
paper on April 1 on a nine-month note. Interest was discounted at
issuance at a 8% discount rate. Complete the below table to
calculate the effective interest rate on the commercial paper. (Do
not round intermediate calculation. Enter your answers in whole
dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e.,
0.123 should be entered as 12.3).)
Life.com issued $13 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $10 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $10 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 6% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) Principal $ 10,000,000 * Annual x 6% Time 9/12 = = Discount $ 450,000 Calculation of...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (l.e., 0.123 should be entered as 12.3).) Principal Annual Rate X Time Discount Calculation of discount $ 18,000,000 x 9-month Conversion Factor Annual...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (le., 0.123 should be entered as 12.3).) Annual x Time Discount Principal $ 18,000,000 * x Calculation of discount 81% X 9/12 1080,000...
Life.com issued $16 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $16 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 10% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) Principal Annual Rate х Time Discount Calculation of discount $ 16,000,000 x % X 9-month rate...
Financial Accounting question: effective interest rate
Life.com issued $19 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 6% discount rate.Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).)
Life.com issued $20 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $20 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 11% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) PrincipalxAnnual RatexTime A.) Calculation on Discount Principle is 20,0000,000 Calculate Annual Rate and time B.) Discount:...
Life.com issued $8 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $8 million of commercial paper on April 1 on a nine-month note. Interest was discounted at iss uance at a 12% discount rate Complete the below table to calculate the effective interest rate on the commercial paper. (Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 1.23).) Annual Principal xRate xTime Discount Calculation of discount$ 8,000,000 x 121% x 9/12 $ 720,000 9-month rate Conversion Factor 12/9...
HW Help Save& Exit Submi Check my work 14-9 Issuance f bonds; effective interest amortization schedule;...
HW Help Save& Exit Submi Check my work 14-9 Issuance f bonds; effective interest amortization schedule; financial statement effects LO14-2] When Patey Pontoons issued 1 and maturity was 0% bonds on January 1, 2018, with a face amount of $880,000, the market yield for bonds of similar risk nterest is paid semian ly on June 11%. The bond s mature December 31 , 2021 (4 years). I nual 30 and December 31. of S1. PV of S1. FVA of S1,...
13-14 100 PTS i Saved Save & Exit Submit Help On September 1, 2021, Hiker Shoes...
13-14 100 PTS i Saved Save & Exit Submit Help On September 1, 2021, Hiker Shoes issued a $116,000, 6-month, noninterest- bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 9%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice 9.42% 9.00% 9.34% 9.35%
Life.com issued $13 million of commercial
paper on April 1 on a nine-month note. Interest was discounted at
issuance at a 8% discount rate. Complete the below table to
calculate the effective interest rate on the commercial paper. (Do
not round intermediate calculation. Enter your answers in whole
dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e.,
0.123 should be entered as 12.3).)
Life.com issued $13 million of commercial paper on April 1 on a nine-month note. Interest was...
Life.com issued $10 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 6% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) Principal $ 10,000,000 * Annual x 6% Time 9/12 = = Discount $ 450,000 Calculation of...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (l.e., 0.123 should be entered as 12.3).) Principal Annual Rate X Time Discount Calculation of discount $ 18,000,000 x 9-month Conversion Factor Annual...
Life.com issued $18 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 8% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round Intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (le., 0.123 should be entered as 12.3).) Annual x Time Discount Principal $ 18,000,000 * x Calculation of discount 81% X 9/12 1080,000...
Life.com issued $16 million of commercial paper on April 1 on a nine-month note. Interest was discounted at issuance at a 10% discount rate. Complete the below table to calculate the effective interest rate on the commercial paper. (Do not round intermediate calculation. Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 12.3).) Principal Annual Rate х Time Discount Calculation of discount $ 16,000,000 x % X 9-month rate...
Life.com issued $8 million of commercial paper on April 1 on a nine-month note. Interest was discounted at iss uance at a 12% discount rate Complete the below table to calculate the effective interest rate on the commercial paper. (Enter your answers in whole dollars. Round "Annual Effective Rate" to 1 decimal place. (i.e., 0.123 should be entered as 1.23).) Annual Principal xRate xTime Discount Calculation of discount$ 8,000,000 x 121% x 9/12 $ 720,000 9-month rate Conversion Factor 12/9...
HW Help Save& Exit Submi Check my work 14-9 Issuance f bonds; effective interest amortization schedule; financial statement effects LO14-2] When Patey Pontoons issued 1 and maturity was 0% bonds on January 1, 2018, with a face amount of $880,000, the market yield for bonds of similar risk nterest is paid semian ly on June 11%. The bond s mature December 31 , 2021 (4 years). I nual 30 and December 31. of S1. PV of S1. FVA of S1,...
13-14 100 PTS i Saved Save & Exit Submit Help On September 1, 2021, Hiker Shoes issued a $116,000, 6-month, noninterest- bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 9%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice 9.42% 9.00% 9.34% 9.35%
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