Answer:
$ 39,165.00
Explanation:
the amount expected from customer in one year is the face value of the note receivable plus interest i.e $40,000*105%=$42,000
The interest on discounting is :
$42,000*9%*9/12=$2,835
The amount of cash that Ireland would receive from the Cloverdale Bank is the amount that Cloverdale would on maturity of the note receivable i.e $42,000, less the discount on the note of $2,385
cash received=$42,000-$2,835=$ 39,165.00
Cloverdale would pay $ 39,165.00 on September 2021 to Ireland Corporation
Answer:
question is not clear please send clear question
Solution:
3,100 / 5 = 620 per day
So the wages outstanding we need to pay still are the 3 days left in the year (the work was done so we must match the revenues and expenses)
Wages Expense = 620 * 3 = 1,860
Wages Payable......1,860
(620 * 3) to accrue wages that have not yet been paid
Answer:
Interest rate spread will be 1.25 %
Explanation:
We have given a bank is earning 6 % on its $150 million earning assets
So interest earned = 6 %
Interest paid on liabilities = 4.75 %
We have to find the bank interest rate spread
We know that bank interest rate spread is given by
Interest rate spread = interest earned - interest paid on liabilities = 6 - 4.75 = 1.25 %
So interest rate spread will be 1.25 %
The government, not only of the United States, but of all countries, are in a very obvious way, also an employer. This is because the government needs people to do the task that would allow the body to be efficient in handling subjects concerning people, citizens, and the country.
The employee of the government runs from the president him/herself to the lowest position or authority in small subsection community.
