Answer:
Dr Interest expense -$21,720
Cr interest Payable - $21,720
Explanation:
Interest
Since it is a short-time loan (3-month), the interest rate will be prorated to 3-month.
Interest expense = $362,000 × .06 × 3/12 = $21,720
Hence, following entries will be recorded :
Dr Interest expense -$21,720
Cr interest Payable - $21,720
For Principal amount Borrowed:
Cr Loan payable $362000
Dr. Bank Account $362000
Upon Settlement :
Dr. Interest Payable $21,720 and Cr Bank Account $21,720
Dr. Loan payable $362000 and Cr Bank Account $362000
For this case we have the following function:
f (x) = 2x ^ 2-24x + c
We set zero to find the roots of the function.
We have then:
2x ^ 2-24x + c = 0
x ^ 2-12x + c / 2 = 0
Factoring we have:
(x - / + x1) (x - / + x2) = 0
On the other hand we have:
x2-x1 = 18
x2 + x1 = -12
Solving the system we have:
x1 = -15
x2 = 3
Substituting we have:
(x-15) (x + 3) = 0
Rewriting:
x ^ 2 -12x - 45 = 0
Therefore, the value of c is given by:
c / 2 = -45
c = -90
Answer:
the value of c is:
c = -90
Answer:
B
Explanation:
A telescope is used to look at stars and planets, not a patient.
Answer:
D
Explanation:
A loan refers to money borrowed by people or organisations from the bank
Answer:
Answer: Annual Profit for Bank = $1000000
if all interest rates were to rise by 1 percent? there shall be no effect on Profits.
Explanation:
The bank faces the risk that the short-term interest rate will increase (Rise) before the second year, this will increase the amount of interest the bank has to pay on the CD but there will be no changes in the interest income that the bank receives from the Treasury.
2.
Annual income of bank = Annual interest on Treasury note = $50000000 * 4% = $2000000
Annual expense of bank = Annual interest on CD= $50000000 * 2% = $1000000
Annual Profit for Bank = $2000000 - $1000000 = $1000000
3. If all interest rate rises by 1% then:
Annual income of bank = Annual interest on Treasury note = $50000000 * 5% = $2500000
Annual expense of bank = Annual interest on CD= $50000000 * 3% = $1500000
Annual Profit for Bank = $2500000 - $1500000 = $1000000
Hence, there shall be no effect on Profits.
