kau.3make table for final answer or i will give down vote Calculate the missing amount for each of the following notes receivable.Face ValueAnnual Interest RateFraction of the YearInterest$10,1006%4 months$21,0005%months$350$6926,0006 months$65010%6 months$610

Detailed explanation:Interest = (10100 x 6% ) x 4/12 = $ 202Interest per month = (21000 x 5%) / 12…

Answered: Calculate the missing amount for each…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Interest Note Principal Rate (%) Terms Interest Maturity Date June 10 $180,000 4% 60 days 24 a. b. July 14 $136,800 5% 90 days 24 April 27 $30,000 6% 75 days C. %24
Compute the maturity value as indicated for each of the following notes receivable. (Use 360 days for calculation.) 1. An $8,500, 8%, 3-month note dated April 20. Maturity value $ 2.A $28,500, 8%, 72-day note dated March 5. Maturity value $ 3.A $13,400, 6%, 30-day note dated September 10. Maturity value $ 4. A $6,400,7%, 6-month note dated November 15. Maturity value $
From the information given below, calculate the accrued interest for the following notes (round to two decimal places, if necessary). Assume 360 days in a year.:
What is the amount of total interest earned on a note receivable based on the following information: Principal 25,000 Annual Interest Rate 4.00% Term (in days) 90
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date ofNote Principal InterestRate Term a. August 5 $6,000 8% 190 days b. May 10 16,800 7% 160 days c. October 20 24,000 9% 115 days d. July 06 4,500 10% 130 days e. September 15 9,000 8% 145 days Maturity Date Month Day Interest a. Answer Answer Answer b. Answer Answer Answer c. Answer Answer Answer d. Answer Answer Answer e. Answer Answer Answer PreviousSave AnswersFinish attempt ...
Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $15,000 13 days Ordinary $730
Assuming a 360-day year, when a $17,100, 90-day, 8% interest-bearing note payable matures, total payment will be Round your answer to the nearest whole dollar. a.$342 b.$17,442 c.$18,468 d.$1,368
Assuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total payment will be a.$13,110 b.$1,192 c.$298 d.$12,216
Compute the maturity date and the maturity value associated with each of the following notes receivables. (Use 360 days for calculation. Round intermediate calculations to 2 decimal places, e.g 52.75 and final answers to O decimal places, e.g. 1,525.) 1. 2. 3. 1. 2. 3. A $15,000, 6%, 3-month note dated April 20. A $25,000, 8%, 72-day note dated June 10. An $8,000, 9%, 30-day note dated September 20. Maturity date > tA 69 Maturity value
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Round to the nearest dollar.)\table[[,\table[[Date of], [Note]], Interest,], [a., August 5, $12,000,9%, 120 days], [b., May 10, 33,600,7%, 90 days ], [c., October 20, 48,000, 12%, 45 days], [d., July 16,9,000, 10%, 60 days], [e., September 15, 19,000,7%,75 days]]
What is the maturity value of the note ?
E10-2A Maturity Dates of Notes Payable Determine the maturity date and compute the interest for each of the following notes payable with add-on interest: Date of Note Principal Interest Rate Term August 5 $15,000 9% 120 days May 10 8,400 7 90 days October 5 12,000 9 45 days July 6 4,500 10 60 days September 15…

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Calculate the missing amount for each of the following notes receivable. Face Value Annual Interest Rate Fraction of the Year Interest $ 10,100 6% 4 months $ 21,000 5% months $ 350 $ 69 26,000 6 months $ 650 10% 6 months $ 610