in Muscat Securities Market which will mature in October 30, 2020. The CD pays 8 % interest rate. Calculate the interest earned on this CD with face value of 100000. Assume all month to be of 30 days. Select one:  a. None of these b. 4835.50 OMR C. 5325.40 OMR  d. 5260.27 OMR

Q: At the end of 2020, the business has a notes payable with maturity value of TL60.000. The maturity…

A: Discount on notes payable  = Maturity value x rate of discount x no of months/12 = TL 60000 X 20% X…

Q: At the end of 2020, the business has a notes payable with maturity value of TL18.000. The maturity…

A: Notes payable can be defined as the promissory note that is issued in behalf of the payment with the…

Q: On January 1, 2020, the India Inc. issued P3,000,000, 13% promissory note for an equipment…

A: The carry value will be the interest plus present value of note.

Q: On November 1, 2021, FN Trading accepted a 90-day, 8% P9,000,000 note from ABC Co. FN immediately…

A: Given data, Face value=P9,000,000 Bank processing fee =P80,000     Maturity value of the note = Face…

Q: On September 1, 2021, Middleton Corp. lends cash and accepts a $10,000 note receivable that offers…

A: Interest revenue Middleton Corp. will report during 2022 = Face value of note receivable x rate of…

Q: McCormick Corporation issued a 4-year, $40,000, 5% note to Greenbush Company on January 1, 2020, and…

A: Given: Note payable - 40,000 Due period - 4 years Stated interest rate - 5% Market interest rate -…

Q: At the end of 2019, the business has a notes payable with maturity value of TL12.000. The maturity…

A: The formula to calculate the present value of future cash inflow is C/(1+r)n, where C is the cash…

Q: In 2019, Rouchele Co. borrowed $200,000 on a 5% long-term note payable. In each of the following…

A: Long-term debt is a liability to be repaid after one accounting year. It is also called non-current…

Q: Cheyenne Corporation issued a 4-year, $31,000, 4% note to Greenbush Company on January 1, 2020, and…

A: Date Accounts title and explanation Debit Credit Calculations 1-Jan-20 Computer $24,268…

Q: On January 1, 2020, Company A issued 10% bearing note payable in ten semi-annual instalments every…

A: 1. Present value of the bonds = Present value of principal + Present value of interest payments =…

Q: On June 8, Williams Company issued an $85,200, 9%, 120-day note payable to Brown Industries.…

A: Note payable is issued by the debtor as a. Promise note that he would make the payment on time with…

Q: On February 10, 2021, after issuance of its financial statements for 2020, Crane Company entered…

A: Short term debt is the debt which matures within a period of an year. In simple words, the debt that…

Q: On January 1, 2020, Company A issued 18% bearing note payable in ten semi-annual instalments every…

A: Data given: Issue at       01/01/2020 Interest rate = 18% (semi-annually ) = 18%/2= 9% Face value =…

Q: On December 31, 2021, Macedon Bank has a 5-year loan receivable with a face value of P5,000,000…

A: A loan is considered to be impaired when it is expected that related principal and interest payments…

Q: On January 2, 2020, MacCloud Co. issued a 4-year, $100,000 note at 6% fixed interest, interest…

A: a. Compute the net interest expense to be reported for this note and related swap transaction as of…

Q: On September 1, 2020, Taiwan Co. issued a note payable to BDO in the amount of P1,200,000, with the…

A: 1. Calculation of Outstanding Amount Amount = 1,200,000 Amount per Installment = 1,200,000 /3 =…

Q: On 1 Dec. 2020, Segma Trading Co. borrowed $300,000 for 90 days at 5% by signing a note payable on…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: solution

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A: The value of debt on Dec 1, 2018 is calculated as present value of debt.

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note: Computation of carrying value of note payable on June 30, 2022 before modification of…

Q: /1/2018, Jambo Group makes a loa to Marie Co. and receives in exchange a five-year, $50,000 note…

A: Interest revenue that will be recognized can be computed as follows:

Q: National Bank of Pakistan Ltd. (NBPL) agrees to lend Rs. 1,000,000 on September 1, 2020, if Regal…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: On January 1, 2021, Lizelle Company signed a P100,000, 12% note due in three years at a discount…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: ne 8, Alton Co. issued an $79,432, 10%, 120-day note payable to Seller Co. Assuming a 360-day year…

A: Solution: Maturity value of the note is amount that is arrived by adding total amount of interest…

Q: On Jahuary 1, 2019, Bank Nizwa issued CD in Muscat Securities Market which will mature in October…

A: Face Value of CD =50000 Interest Rate =6% per annum Monthly Interest rate(r) =6%/12 = 0.5% Time (n)…

Q: a dealer in equipment. On December 21, 2021, the enitity sold an equipment in exchange for a…

A: The carrying value is the present value of annual installments that are to be paid in the future.

Q: On January 1, 2021, Mahogany Company issued a note with a face amount of P2,000,000. The note…

A: Issue price of the Notes = Present value of principal + Present value of interest payments = face…

Q: On January 1, 2021, Mahogany Company issued a note with a face amount of P2,000,000. The note…

A: Bond Value  2000000   coupon rate 10%   Market rate 12.50% Coupon payable every year end for…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note: Computation of carrying amount of note payable on June 30, 2022:

Q: Cullumber Corporation issued a 4-year, $38,000, 4% note to Greenbush Company on January 1, 2020, and…

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also…

Q: FDN Trading received the following promissory notes from various customers during 2020 in the course…

A: Sales is the proceeds received from the sale of goods and services in the business. The sales amount…

Q: On January 1, 2020, Jackie Company issued a note with a face amount of P5,000,000. The note carried…

A: Working note:  Computation of fair value of note after the modification of terms under Scenario A:…

Q: On January 1, 2020, Jonathan Company borrowed P500,000 8% note due in four years. The present value…

A: "Since you have asked multiple sub part question we will solve the first three sub part question for…

Q: On June 8, Williams Company issued an $74,068, 8%, 120-day note payable to Brown Industries.…

A: Maturity value of note = issue price + interest accrued over term (for 120 days)

Q: On June 8, Williams Company issued an $80,400, 7%, 120-day note payable to Brown Industries.…

A: Given: Face value = $80,400 Interest rate = 7% Days = 120

Q: Suppose, on September1, 2019 Fido Corporation borrows $30,000 from its bank for a period of 8 months…

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in…

Q: At 1 June 2017 bank Muscat issued CD in Muscat securities market with face value of 10000 OMR. This…

A: The question is related to interest on Certificate of deposit.

Q: On January 1, 2020, Jonathan Company borrowed P500,000 8% note due in four years. The present value…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Metallgurst AG issued a $100,00 4- year, 105 notes at face value to Bank of Norway on January 1,…

A: When the common stock is issued for settlement, the common stock needs to be credited by the face…

Q: On March 31, 2020, Company A issued 18% bearing note payable in ten semi-annual instalments every…

A: It is pertinent to note that the carrying value of the note is the present value of all the cash…

Q: On June 1, 2021, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a…

A: Carrying value of note on June 1, 2021 is = Face/Maturity value of note - Discount on note

Q: On September 1, 2019, Silang Trading issued a note payable to Far East Bank in the amount of…

A: Accrued interest on the note = Face value of the note x rate of interest x no. of months/12

Q: 2024. Scenario B: The terms of the note were modified on June 30, 2022. The principal is reduced by…

A: Computation of amount of liability after modification of terms:

Q: On June 8, Williams Company issued an $80,000, 5%, 120-day note payable to Brown Industries.…

A: maturity value of the note = issue price + Interest accrued

Q: On December 31, 2020, LILY Company received two ₱2,000,000 notes receivable from customers. On both…

A: Present value of first note = Present value of principal + Present value of interest payments = face…

Q: On Dec 30, 2020 Fox purchased a machine from Grisley Corp in exchange for a zero-interest bearing…

A: Number of Payments= 8 Down payment date= Dec 30, 2020 (Ist payment date) Rate of Interest= 11%…

Q: On January 1, 2021, Nees Manufacturing lends $10,000 to Roberson Supply using a 9% note due in eight…

A: Simple Interest: When at the time of returning the loan to the bank, we have to pay back an amount…

Q: On June 8, Alton Co. issued an $75,537, 7%, 120-day note payable to Seller Co. Assuming a 360-day…

A: Maturity value of the note = Principal + Interest = $75537+1763 = $77300

Q: On July 1, 2020, ABC Company issued a five-year note payable with a face amount of P5,000,000 and an…

A: Balance sheet means where all assets , liabilities and capital is shown. Current liability means the…

Q: FDN Trading received the following promissory notes from various customers during 2020 in the course…

A: Introduction:- The following formula used to calculate Interest income on promise notes as follows:-…