On March 1st, the Picasso Co. issued a 12 month, $120,000 note, to the Bank of Carbondale. The note carries a 10% interest rate and all payments for principal and interest will be paid at the end of 1 year. What is the maturity value of the note?

Answers

Answer 1

Answer:

The maturity value of the note is $132,000

Explanation:

A Loan note is a promissory note that is signed to make a promise of an amount of Loan taken by someone that to be returned after a specific time with interest value at a defined in the loan note.

The maturity value of the loan note can be calculated as follow

Face value = $120,000

Interest rate = 10%

Time period = 1 years

Use following formula to calculate the maturity value of the loan note.

Maturity value = Face value x  ( 1 + interest rate )^ numbers of years

Placing values in the formula

Maturity value = $120,000 x ( 1 + 10% )^1

Maturity value = $132,000


Related Questions

Troll Island is a small island nation that recently experienced an autonomous change in aggregate expenditures (AE). AE increased by 4 billion, and the marginal propensity to consume on Troll Island is equal to 0.7. What is the change in Troll Island's real GDP after the increase in AE?

Answers

Answer:

Change in real GDP = $13,333,332,000

Explanation:

MPC = 0.7

Change in real GDP = Change in autonomous spending * Autonomous spending multiplier

Change in real GDP = $4 billion * 1 / (1 - MPC)

Change in real GDP = $4 billion * 1 / 1 - 0.7

Change in real GDP = $4 billion * 3.33333

Change in real GDP = $13,333,332,000

Thus, the real GDP will rise by $13.33 billion

Assume Venture Healthcare sold bonds that have a ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bond's value? a. Suppose that two years after the bonds were issued, the required interest rate rose to 13 percent What would be the bond's value? b. What would be the value of the bonds three years after issue in each scenario above, assuming that interest rates stayed steady at either 7 percent or 13 percent?

Answers

Answer:

market rate falls to 7%

market price of bonds after 2 years:

PV of face value = $1,000 / 1.07⁸ = $582.01

PV of coupon payments = $120 x 5.9713 (PV annuity factor, 7%, 8 periods) = $716.56

market price = $1,298.57

market price of bonds after 3 years:

PV of face value = $1,000 / 1.07⁷ = $622.75

PV of coupon payments = $120 x 5.3893 (PV annuity factor, 7%, 7 periods) = $646.72

market price = $1,269.47

market rate increases to 13%

market price of bonds after 2 years:

PV of face value = $1,000 / 1.13⁸ = $376.16

PV of coupon payments = $120 x 4.7988 (PV annuity factor, 13%, 8 periods) = $575.86

market price = $952.02

market price of bonds after 3 years:

PV of face value = $1,000 / 1.13⁷ = $425.06

PV of coupon payments = $120 x 4.4226 (PV annuity factor, 13%, 7 periods) = $530.71

market price = $955.77

Describe the various key ratios managers rely on, briefly explain what each type of ratio tells the financial manager, and give one specific example of each.

Answers

Answer: Liquidity and current ratio, Solvency Ratios and Financial Stability, Profitability Ratios and Margins

Explanation:

The various key ratios managers rely on are

1) Liquidity and the Current Ratio; is the commonly used ratio, and is the ratio of current assets to current liabilities. The ratio helps determine the company's ability to foot short term bills

2) Solvency Ratios and Financial Stability; This ratio describes the financial stability by measuring the company's debt in relation to it's assets and equity. Companies with a lot of debts may not be able to sustain themselves overtime if business conditions deteriorates

3) Profitability Ratios and Margins; defines the ability to convert sales dollars into profits and cash flow. The common ones are gross margin, operating margin and net income margin

First one to answer gets a brainly, look at the picture please

Answers

Answer:

c

Explanation:

Answer: B

Explanation:

a + a + y +y what is the answer to this question please tell its on maths

Answers

What are you talking this isn’t a math question

Skysong, Inc. returned $140 of goods originally purchased on credit from Concord Industries. Using the periodic Inventory approach, Skysong would record this transaction as:_____.
Accounts Payable 190
Sales Returns and Allowances 190
Sales Returns and Allowances 190
Accounts Receivable 190
Inventory 190
Accounts Receivable 190
Accounts Receivable 190
Sales Returns and Allowances 190

Answers

Answer:

Sales Returns and Allowances $140 and Accounts Receivable $140

Explanation:

When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense so it is debited and the goods sold on account so the Accounts Receivable which is an asset decreases so it is credited.

Date   Account Titles and Explanations    Debit   Credit

          Sales Returns and Allowances          $140

                 Accounts Receivable                                $140

           (To record sales returns)  

You bought a stock three months ago for $51.27 per share. The stock paid no dividends. The current share price is $55.36. What is the APR and EAR of your investment? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

APR= 23.91%

EAR= 8%

Explanation:

A stock was bought at $51.27 three months ago

The current share price is $55.36

Therefore the APR of the investment can be calculated as follows

= 55.36-51.27/51.27

= 4.09/51.27

= 0.0797

= 7.97%

APR= 3×7.97

= 23.91%

EAR= (1+0.079/3)^3-1

= 1+0.0263^3-1

= 1.026^3-1

= 0.08×100

= 8%

What are the parts of a proposal?

Answers

the person above me is correct lol

Together, Coca-Cola and Pepsi account for approximately ________ percent of the soft drink market.

a. 35
b. 45
c. 55
d. 65
e. 75

Answers

Answer:

e. 75

Explanation:

Not sure what year this question is referring to but as of 2019 Coca-Cola and Pepsi account for approximately 85 percent of the soft drink market. They have controlled the vast majority of this market since the 70's when Pepsi started making waves in the soft drink market. Effectively making the market into an oligopolistic market. Both of which continue to grow steadily as the year's pass. Therefore, for this question, I would put a 75% market control since 85% is not available.

The two types of interaction diagrams are _____ diagrams.
A. use case and sequence
B. class and sequence
C. sequence and communication
D. object and communication

Answers

Answer:

B: class and sequence.

please brainlist answer

Describe techniques companies may use to enter or grow markets in other countries. Evaluate the benefits and pitfalls of several of these tactics.

Answers

Answer:

Companies enters the foreign market through several tactics. But it has both advantages and disadvantages in doing so.

Explanation:

If there are opportunities in the foreign of the goods and a good market prospects, one can invest and expand his or her business in the foreign market. However, there are some difficulties in entering a new market in other countries which may include new competition in the market as well adapting a new environment regulatory.

Some of the ways by which one can enter the foreign market are License agreement, joint ventures, online sales of product, purchasing some of the foreign assets, etc.

The advantages are :

-- Selling products online is a low cost method. It is more convenient than having a physical asset in the foreign land.

-- Cost of establishment is saved.

The disadvantages are :

-- The freight cost will be high to and from the country.

-- There will be no direct control and one will be reliable on the association.

-- The potential country may have some strict rules and regulations for business contracts, franchises, licenses or partnerships, etc.

Make sure to look on my page for any fręē põïńtś in the future this one is for 10 witch means it’s the last one.
If you don’t get this remember I well have more later!

Answers

Answer:

Thank you, appreciate it.

Explanation:

Because I secretly love you.

Which area is not protected by most homeowners insurance?
The home
Your view
Loss of use
Personal property

Answers

I’m guessing mostly the home if you can choose 2 it would be the home and personal property

Homeowners insurance typically covers the home itself, personal property, and loss of use. But it does not cover the view from the home. So, the correct option is "Your view".

The view from a domestic isn't secured by Homeowners insurance since it isn't seen as a physical asset that can be insured.

The cost of repairs or substitution will not be secured by Homeowner's protections, if the house is harmed or destroyed by a secured event, such as a fire or surge. According to the perspective, they seem to have been able to get supplemental protections, but usually as a rule not secured by a conventional homeowner's security policy.

To understand what is and isn't covered, it is vital to carefully examine the Homeowner's insurance policy.

Learn more about  Homeowners insurance, here:

https://brainly.com/question/29546343

#SPJ6

A survey of small businesses with Web sites found that the average amount spent on a site was $11,500 per year (Fortune, March 5, 2001). Given a sample of 60 businesses and a population standard deviation of $4000, what is the margin of error (o decimals)? Use 95% confidence. What sample size would you recommend if the study required a margin of error of $500 (0 decimals)?

Answers

Answer: Margin of error 1012.144.

I would recommend a sample size of 246.

Explanation:

Given data:

Mean= M = $11,500

Standard deviation =s = $4,000

sample size=n= 60

s x = standard error of mean

=s / square root of n= 516.4 = ( 4000 / square root of 60)

Confidence level= 95%

Therefore, Significance level= a (alpha) = 5% = 1- 0.95

No of trails= 2

This is so because it’s a 2 tailed test because we need to find the margin of error.

Since sample size= 60 >= 30

we will use normal distribution

Z at the 0.05 level of significance 2 tailed test = 1.96

Margin of error =z*s x

= 1.96*516.4

= 1012.144.

if the study requires us to assume a margin of error of $500, we will then need to increase the sample size

•Therefore,

Standard deviation =s = $4,000

confidence interval= 95%

Z corresponding to 95% and two tailed test is = 1.96

We have to ensure that Z* s x < $500

or s x < =500/Z

= 500/1.96

= or s x < 255.102041

But

s x=standard error of mean=s / square root of n

s = 4000

or n=(s ^2)/(s x^2)

= 4000^2/255.102041^2

= 246.

Therefore, the sample size should be increased to 246.

7. If net sales decrease and cost of goods sold increases, the gross profit percentage
O A. decreases.
O B. will change based upon the change in total assets.
OC. increases.
D. remains the same.

Answers

Answer:

A. decreases.

Explanation:

When provided with the sales figure and the costs of golds sold (COGS), the calculation of gross profit will be the sales revenue minus the cost of goods sold.

I.e., Sale revenue - COGS = gross profit.

IF sales revenue is high and the cost of goods is low, a business will have a gross profit. The business will make losses if the cost of good s sold is greater than sales.

If sales revenue reduces and COGS increases, the gross profit percentage will decrease.

It is always more profitable to operate a full flight at a lower cost per ticket than a partially full flight at a higher price.

a. True
b. False

Answers

Answer: False

Explanation:

It is not always more profitable to operate a full flight at a lower cost per ticket because this depends on the unique situation in question. If the tickets are so low that even with the amount of people in the airplane the company is unable to recuperate its cost, then the condition does not hold.

Meanwhile sometimes the partially full price might see the prices being paid would offset the costs of the flight which would bring profits to the company. It therefore depends on the unique situation.

The following data pertains to Michalko Corp. Assuming that the risk-free rate is 4.2% and the market risk premium is 6.2%, calculate Michalko's weighted-average cost of capital.

Michalko Corp.

Total Assets $14,680
Interest-Bearing Debt $19,100
Average borrowing rate for debt 11%
Common Equity:
Book Value $5,120
Market Value $25,700
Marginal Income Tax Rate 40%
Market Equity Beta 1.25

Answers

Answer:

Michalko's weighted-average cost of capital is 9.65 %.

Explanation:

Weighted Average Cost of Capital (WACC) is the return that is required by providers of Long term sources of finance.

WACC = Ke x (E/V) + Kp x (P/V) + Kd x (D/V)

Therefore,

Ke = Cost of Equity

     = Return on Risk free Security + Beta x (Return on Market Portfolio -       Return on Risk free Security)

     = 4.2% + 1.25 × 6.2%

     = 11.95 %

E/V = Market Weight of Equity

      = $25,700/ ($25,700 + $19,100)

      = 0.57

Kd = Cost of Debt

  = Market Interest x ( 1 - tax rate)

  = 11% × (1 - 0.40)

  = 6.60 %

D/V = Market Weight of Debt

      = $19,100/($25,700 + $19,100)

      = 0.43

Thus,

WACC = Ke x (E/V)  + Kd x (D/V)

           = 11.95 % × 0.57 + 6.60 % × 0.43

           = 9.65 %

A government spends money in order to

Answers

Answer:

The government spends money on: Social Security, Medicare, and other mandatory spending required by law. Interest on the debt--the total the government owes on all past borrowing. Discretionary spending, the amount Congress sets annually for all other programs and agencies.

Answer:

make sure government programs can function properly

Explanation:

AP3X

A trucking company sold its fleet of trucks for $55,200. The trucks originally cost $1,416,000 and had Accumulated Depreciation of $1,271,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks?A. Loss of $55,600.
B. Gain of $55,600.
C. Gain of $105,400.
D. Loss of $105,400.

Answers

Answer:

the loss at the time of sale is $89,800

Explanation:

The computation of the gain or loss at the time of sale is shown below:

Written down value of trucks at the sale date is

= Cost - Accumulated Depreciation

= $1,416,000 - $1,271,000

= $145,000

And, the sale value is $55,200

So, the loss would be

= $145,000 - $55,200

= $89,800

This is the answer but the same is not provided in the given options

hence, the loss at the time of sale is $89,800

What are the two major issues related to the translation of foreign currency financial statements?

Answers

Answer: are: (1) which method should be used.

2) where should the resulting translation adjustment be reported in the consolidated financial statements.

Explanation:

The two major problems which are usually encountered when translation of foreign financial statements are concerned are,

a. What method should be used, he the method to be used is discussed and one agreed on.

b. Where should the adjustments arrived at be reported on the consolidated financial statements. were it should be reported and recorded down on the financial statements is also decided.

Which of the following costs will not affect cost of goods sold?
A. Inventory-related selling costs.
B. Inventory inspection costs.
C. Inventory preparation costs.
D. Freight charges incurred to bring inventory to the warehouse.

Answers

Answer:

A. Inventory-related selling costs

Explanation:

Cost of goods sold is the carrying value of a good produced by a company. It involves all the costs that were incurred by a business in transporting and processing the product before it is ready for sales.

This includes inspection costs, inventory preparation costs, and freight charges.

However costs related to sales are not part of cost of goods sold. It does not add to the cost of producing the good.

Rather this is classified as general and administrative expenses

On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandise and recorded sales of $4,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2017?

a. $800,000.

b. $1,000,000.

c. $1,800,000.

d. $3,000,000.

Answers

Answer: $1,800,000

Explanation:

The merchandise inventory of Glaus at December 31, 2017 will be:

Begining Inventory = $1,600,000

Add: Purchases = $3,200,000

Less: Cost of goods sold = $4,000,000

Add: Gross profit = 25% × $4,000,000 = $1,000,000

Ending Inventory = $1,800,000

The answer is $1,800,000.

Damages awarded in a civil lawsuit to punish the wrongdoer in cases involving willful or malicious misconduct are called_________

Answers

Answer: punitive damages

Explanation:

Damages awarded in a civil lawsuit to punish the wrongdoer in cases involving willful or malicious misconduct are called punitive damages.

Punitive damages can also be referred to as exemplary damages and they're awarded so as to prevent the defendant from commiting such offence again and for.others to also learn and not do such in the future.

a. How does capacity utilization affect the intensity of internal rivalry in the commercial airline industry?
b. How does capacity utilization affect the extent of entry barriers in this industry?

Answers

Answer:

Barriers to entry, Internal industry rivalry, Supplier power, buyer power,etc.

Explanation:

Firms that are capable of excessive productions could boost sales volume by increasing the productions at cost advantage of reducing price. But firms that are incapable of increasing the productions capacity will be unable to produce extra quantity to gain any market share.

Barrier to entry : A established large MES of the industry prevents small entrants from entering into the industry.

Carmel Corporation is considering the purchase of a machine costing $45,000 with a 4-year useful life and no salvage value. Carmel uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received uniformly throughout each year. In calculating the accounting rate of return, what is Carmel's average investment?

Answers

Answer:

($45,000 + $0)/2 = $22,500

Explanation:

we cant tell the percentage per year because we don't know how much they are paying in taxes annually.

1. Prepare journal entries to record the following hypothetical 2006 events:a. A customer deposits $50,000 in WaMu savings account on 1/1/2006.b. WaMu pays a 1% (annual) interest on that deposit on 3/31/06.c. WaMu lends the $50,000 to another customer for a 6% home loan on 1/1/06.d. WaMu accrues interest on that loan as of 3/31/06.2. How much net interest income (profit) did WaMu earn in the first quarter of 2006 on this deposit and the corresponding loan?

Answers

Answer:

1. A. Dr Cash 50,000

Cr Customers Saving Account 50,000

B.Dr Interest Expense 125

Cr Cash 125

C. Dr Loan Receivables 50,000

Cr Cash 50,000

D. Dr Interest Receivables 750

Cr Interest Income 750

2. $625

Explanation:

Answer and Explanation:

1. Preparation of journal entries

a. In a situation where A customer made deposits of the amount of $50,000 in WaMu savings account on 1/1/2006 the Journal entry will be:

Dr Cash 50,000

Cr Customers Saving Account 50,000

(Being to record the deposit from customers)

b. In a situation where WaMu pays a 1% as annual interest on the deposit on 3/31/06 the journal entry will be:

Dr Interest Expense 125

(50,000*1%*3/12)

Cr Cash 125

(Being to record the payment of interest Expense)

c. In a situation where WaMu lends out the

amount of $50,000 to another customer the Journal entry will be:

Dr Loan Receivables 50,000

Cr Cash 50,000

(Being to record the receivable lent to customers)

d. In a situation where WaMu accrues interest on this date 3/31/06 the journal entry will be:

Dr Interest Receivables 750

(50,000*6%*3/12)

Cr Interest Income 750

(Being to record the interest accrued)

2. Calculation for How much net interest income (profit) did WaMu earn in the first quarter

First step is to calculate the Net Interest Rate

Interest Rate on Receivables 6%

Less Interest Rate on Payable 1%

Net Interest Rate 5%

Second Step will be to calculate the Annual Net Interest

Using this formula

Annual Net Interest=Principal *Net Interest Rate

Let plug in the formula

Annual Net Interest=50,000*5%

Annual Net Interest= 2,500

Last step is to calculate the first quarter net interest income

Using this formula

First quarter net interest income=Time*Annual Net Interest

Let plug in the formula

First quarter net interest income= 3/12*2,500

First quarter net interest income= $625

Therefore the First quarter net interest income will be $625

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output 10.3 hours
Standard labor rate $14.10 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 8,100 hours
Actual total labor cost $110,970
Actual output 900 units

What is the labor efficiency variance for the month?

a. $16,029 F
b. $16,497 F
c. $19,737 F
d. $19,737 U

Answers

Answer:

Direct labor time (efficiency) variance= 16,497 favorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 10.3 hours

Standard labor rate $14.10 per hour

Actual hours worked 8,100 hours

Actual output 900 units

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 10.3*900= 9,270

Direct labor time (efficiency) variance= (9,270 - 8,100)*14.1

Direct labor time (efficiency) variance= 16,497 favorable

Match the correct EFTA and PCI Standards.
report a stolen debit card
protect credit card data
place a stop payment on
recurring payments

maintain a secure network

Answers

Answer:

The Electronic Fund Transfer Act (EFTA) is an Act of Congress that was enacted to protect the transactions of customers transferring their funds by electronic means such as through Automated Teller Machines (ATMs) and debit cards.

The Payment Card Industry Data Security Standard (PCI DSS) is meant to ensure that financial institutions like banks have strong and secure network infrastructure to protect customers and their details.

EFTA

report a stolen debit card .place a stop payment on  recurring payments.

PCI

protect credit card data maintain a secure network

Answer:

EFTA: report a stolen debit card, place a stop payment on recurring payments

PIC standards: protect credit card data, maintain a secure network

Explanation: my brain

Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8 to 6% the bond's price will:___________
a. Increase by $51.54
b. Decrease by 51.54
c. Increase by $53.46
d. Decrease by $53.46

Answers

It’s B Decrease by 51.54 I hope this helps

Sea Company reports the following information regarding its production costs:

Units produced 42,000 units
Direct labor $35 per unit
Direct materials $28 per unit
Variable overhead $17 per unit
Fixed overhead $105,000 in total


Compute the product cost per unit under absorption costing.

a. $28.00
b. $82.50
c. $80.00
d. $63.00
e. $35.00

Answers

Answer:

b. $82.50

Explanation:

The computation of the product cost per unit under absorption costing is shown below:

= Direct labor + Direct materials + variable overhead per unit + (Total fixed overhead ÷ Units produced)

= $35 + $28 + $17 + ($105,000 ÷ 42,000)

= $35 + $28 + $17 + $2.5

= $82.50 per unit

Hence, the product cost per unit under absorption costing is $82.50 per unit

Therefore the correct option is b. $82.50

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