Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 3.00

alternatives for a loan

A borrower has two alternatives for a loan: (1) issue a $75,000, 90-day, 7% note or (2) issue a

 

                                                     $75,000, 90-day note that the creditor discounts at  7%.

a.        Calculate the amount of the interest expense for each option.

 

 

 

 

b.       Determine the proceeds received by the borrower in each situation.

c.        Which alternative is more favorable to the borrower? Explain.

 

 

A business issued a 60-day, 8% note for $60,000 to a creditor on account. Record the entries for

 

                                                     (a) the issuance of the note and (b) the payment of the note at maturity, including interest.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 11:07 AM My Price 3.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)
Relevent Questions