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zysi [14]
2 years ago
7

Commercial paper. ​ Criss-Cross Manufacturers will issue commercial paper for a​ short-term cash inflow. ​ Criss-Cross must rais

e ​$​, and the paper will have a maturity of days. If this paper has a maturity value of ​$ and is selling at an annual interest rate of ​, what are the proceeds from each​ paper; that​ is, what is the discount rate on the commercial​ paper? What is the discount rate on the commercial​ paper? nothing​% ​(Round to two decimal​ places.)
Business
1 answer:
Olenka [21]2 years ago
6 0

Answer:

Proceeds from Commercial paper $48,035.92

Discount rate on commercial paper 3.93%

Explanation:

Calculation to determine the proceeds from each​paper

First step is to calculate 182 days rate

182 days rate = 0.082 * 182/365

182 days rate= 0.040887671

Now let calculate the Proceeds from Commercial paper using this formula

Proceeds from Commercial paper = Par value * 1/(1+i for time of issue)

Let plug in the formula

Proceeds from Commercial paper =$50,000 *1/(1+0.040887671)

Proceeds from Commercial paper=$48,035.92

Therefore The proceeds from commercial paper is $48,035.92

Calculation to determine the discount rate on the commercial​paper

First step is to calculate the Discount

Discount = $50,000-$48035.92

Discount=$1,964.02

Now let calculate the Discount rate on commercial paper

Discount rate on commercial paper =$1964.02./50000

Discount rate on commercial paper = 0.039282*100

Discount rate on commercial paper= 3.93%

Therefore the Discount rate on commercial paper is 3.93%

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Artyom0805 [142]

Answer:

To ,

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3 0
3 years ago
At the end of the current year​ (before adjusting​ entries), Summer Corporation had a balance of $ 88 comma 000 in Accounts Rece
Umnica [9.8K]

Answer:

1. Using the​ percent-of-sales method, calculate the amount of​ Uncollectible-Account Expense if Summer Corporation estimates its​ uncollectible-account expense using a rate of 3​% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this​ scenario?

14100

Summer Corporation has $ of uncollectible-account expense using the percent-of-sales method.  

3100

Calculate the amount of its​ Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this​ scenario?

15000

The ending balance of the Allowance for Uncollectible Accounts is $ under this scenario.

Dont have enough information.

Explanation:

Account receivable 88000

Allowance for uncollectible -11000

 

Service revenue 470000

 

Estimate uncollectible 3%

Ending balance of the allowance 14100  

Expense 3100

 

Allowance for Uncollectible 26000

Uncollectible expense account 15000

5 0
3 years ago
Under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive?
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Nothing the payments will cease.

Payments:

For the balance of the annuitant's life, a straight or pure life annuity will provide a set sum of income. Regardless of the amount of unpaid principal, this payment will end at death. There are no compensation or refunds made to survivors.

The beneficiary will receive the amount placed into the plan or the cash value, whichever is larger, if the annuitant passes away before the payment term.

Banknotes and coins (cash), deposits, and credit on an account with a financial institution or a comparable entity that can be run using payment instruments are all considered means of payment.

Learn more about Payment here brainly.com/question/25898631

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8 0
1 year ago
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, inten
vfiekz [6]

Answer:

brand

Explanation:

The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships  with the brand so that they can trust rely and depend on for future purchase.

According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.

6 0
3 years ago
Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and ro
Vinvika [58]

Answer:

A) FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

Explanation:

Giving the following information:

A) Present value=  $2,000

Compounded annually for 20 years at 6 percent.

n= 20

i=0.06

B) Present value= $2,000

Compounded annually for 15 years at 9 percent.

n=15

i= 0.09

To calculate the Final Value we need to use the following formula:

FV= Present value*(1+interest rate)^n

A) FV= 2000*(1.06^20)

FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

7 0
3 years ago
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