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The interest due at maturity on a $489.52, 8% note, dated May 28 and due August 2 is
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- The maturity value of a $183,600, 11%, 40-day note receivable dated July 3 is a.$185,844 b.$183,600 c.$192,576 d.$203,796Interest on note: $1,137.50interest rate: 10%Note dated: 3/17/2024Note due date: 10/13/2024Days in year (ordinary interest) 3601.What is the term of the loan (in days)?2. What is the principal in on the note?6. A note with interest at 6% is drawn on April 15 and matures on August 25. The face value (principal) is RM500. If the money is worth 8%, find the present value on July 26
- A B E 2 Determine the maturity date and compute interest for each note. 3 Days to be used per year 360 days 4 Note Contract Date Principal Interest Rate Period of Note (Term) 6. 1 1-Mar $10,000 6% 60 days 7 2 15-May 15,000 8% 90 days 8 3 20-Oct 8,000 4% 45 days 9. 10 Required: 11 12 (Use cells A5 to F8 from the given information to complete this question.) 13 14 Note Contract Date Maturity Date Interest Expense 15 16 17 3 18The maturity value of a $192,000, 6%, 40-day note receivable dated July 3 is3
- Determine the maturity date, interest at maturity and maturity value for each of the following notes (Round to the nearest cent) a. A 60-day, 10 percent, $2,400 note dated january 5 received from S.William for granting a time extension on a past due account. b. A 60-day, 12 percent, $1,500 note dated March 9 received from E.Watson for granting a time extension on a past due account.Maturity Dates of Notes PayableDetermine the maturity date and compute the interest for each of the following notes payable with add-on interest:Use 360 days for calculations and round to the nearest dollar. Date of note Principal Interest Rate (%) Term a. August 5 $17,000 8% 120 days b. May 10 10,400 7% 90 days c. October 20 14,000 9% 60days d. July 6 6,500 10% 75 days e. September 15 15,500 8% 75 days For the maturity date, select the appropriate month using the drop-down menu and enter the correct day next to the month using the fill-in the blank answer box. Maturity Date Interest a. Answer Answer Answer b. Answer Answer Answer c. Answer Answer Answer d. Answer Answer Answer e. Answer Answer AnswerIncome statement information for Einsworth Corporation follows: Sales $433,000 Cost of goods sold 160,210 Gross profit 272,790 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. blankEinsworth CorporationVertical Analysis of the Income Statement Amount Percentage Sales $433,000 fill in the blank 1% Cost of goods sold 160,210 fill in the blank 2 Gross profit $272,790 fill in the blank 3%
- At 9% determine the date of equivelance between the two following notes: $7800 with a due date on May 31 $7880 with a due date on July 10How do I find the maturity value and maturity date of an interest-bearing promissory note that has a face value of $1,270? Interest rate percent of 7.1 and term of note 130 days?The first semiannual interest payment on December 31, Year 1, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar. a. Bonds Payable b. The interest payment on June 30, Year 2, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar. 3. Determine the total interest expense for Year 1. Round to the nearest dollar. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $65,332,160 received for the bonds by using Present value at compound interest, and Present value of an annuity. Round to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount Present value of the semiannual interest payments
