Calculating the proceeds, Hernandez Engineering received a promissory note of $15,500 at, Accounting Basics

+44 141 628 6080
[email protected]

Calculating the proceeds

Hernandez Engineering received a promissory note of $15,500 at 11% simple interest for 15 months from one of its customers. After 3 months, Union Bank discounted the note at a discount rate of 13%. Calculate the proceeds that Hernandez Engineering will receive from the discounted note?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculating the proceeds

Reference No:- TGS040158

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Entire process of finding weighted average cost of capital

Explain the entire process of finding the Weighted Average Cost of Capital (WACC). In your discussion, you should explain the process of finding the cost of debt (before tax and after tax), cost of preferred stock, cost of common stock, and also d

Q : Amount that should appear in the statement of cash flows

In addition the company's income statement includes a 35,000 loss on sales of marketable securities. None of the company's marketable securities are considered a cash equivalent. Compute the amounts that should appear in the statement of cash flow

Q : What was the rate of return on the investment

A design-build engineering firm completed a pipeline project. If the amount of money the company had invested was $6 million, what was the rate of return on the investment?

Q : Compute the standard deviation of return

Compute the standard deviation of this return. Express your answer as a percentage to three decimal places (the percent sign is not essential). That is, if you compute a standard deviation of 0.12345, enter your answer as 12.345.

Q : Calculating the proceeds

Q : What is working capital

What is working capital? How does a company manage its four main working capital components: stock-in-trade, trade debtors, cash and trade creditors?

Q : Determining opportunity cost of debt

What is the opportunity cost of debt (i.e. expected return) for these bonds? What price should these bonds sell for in the market? What should the YTM be on these bonds?

Q : How much to deposit for the fund to have fixed amount

The company has already deposited $20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have $350,000 three years from now, if the fund grows at a rate of 15% per year?

Q : What are the expected cash receipts

The estimated sales for Fancy are as follows: January 18,000 jeans, February 19,000, and March 20,500 jeans. What are the expected cash receipts for the month of March?

1935134

Questions
Asked

3,689

Active Tutors

1433724

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculating the proceeds

Reference No:- TGS040158

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Entire process of finding weighted average cost of capital

Q : Amount that should appear in the statement of cash flows

Q : What was the rate of return on the investment

Q : Compute the standard deviation of return

Q : Calculating the proceeds

Q : What is working capital

Q : Determining opportunity cost of debt

Q : How much to deposit for the fund to have fixed amount

Q : What are the expected cash receipts

Review the real-life cat and mouse chase

Discuss statements about sociological approaches

How coastlines are vulnerable to multiple climate change

How sociological models help understand mental illness

Discussion about cultural appropriation

Which is a criticism of marxist/conflict theories

How is it rational for the owner of a factory or plantation

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculating the proceeds

Reference No:- TGS040158

Recent Questions Asked Accounting Basics

Q : Entire process of finding weighted average cost of capital

Q : Amount that should appear in the statement of cash flows

Q : What was the rate of return on the investment

Q : Compute the standard deviation of return

Q : Calculating the proceeds

Q : What is working capital

Q : Determining opportunity cost of debt

Q : How much to deposit for the fund to have fixed amount

Q : What are the expected cash receipts

Asked Questions