# Paragraph Part 1: Interest and Inventory Costs Instructions: Calculate the following HNL finance scenarios. 1. On...

###### Question: Paragraph Part 1: Interest and Inventory Costs Instructions: Calculate the following HNL finance scenarios. 1. On January 3, 2016. HNL negotiated a short-term loan of $685,000. The loan was due October 1 2016, and carried a 6.86% interest rate. a What is the total amount HNL paid on the maturity date? Use ordinary interest to calculate the interest. Show your work in the space provided. b. In a few complete sentences, explain how you calculated the answer. 2. On January 1, HNL had an inventory costing$95.000. During January, HNL had net purchases of 5118,900. Over recent years. HNL's gross profit in January has averaged 45% on sales. The company's net sales in January were \$210,800. a. What is the estimated cost of ending inventory using the gross profit method? Show your work in the space provided. b. In a few complete sentences, explain how you calculated the answer

#### Similar Solved Questions

##### Write code in c++, run/load & provide output NOTE: you need to do either a flowchart...
write code in c++, run/load & provide output NOTE: you need to do either a flowchart or some sort of pseudo code for this. It is recommended that you do this BEFORE you start to write your code. Ifyou have some idea of exactly what you want to do you will have a better chance of success. You can...
##### Obtain a rough estimate of all real roots of the function f(x) = ex-x-2 by incremental searching in [-2,2]. Use Ax- 1. b) Obtain two iterating functions for finding each of these roots by fixed-p...
Obtain a rough estimate of all real roots of the function f(x) = ex-x-2 by incremental searching in [-2,2]. Use Ax- 1. b) Obtain two iterating functions for finding each of these roots by fixed-point iteration by solving for each x which appears in the equation. c) Without doing any iterations, dete...
##### Using C++ For a given electrical circuit, composed from a network ofresistors, arranged in parallel and/or...
Using C++ For a given electrical circuit, composed from a network ofresistors, arranged in parallel and/or series, write a program to calculate the total resistance of the circuit. To facilitate user to define the network, by giving the network circuit formula in text, a notation is used, whereand 7...
##### Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The company’s manager...
Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The company’s manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In ad...
##### How do you solve 2^x^2 = 32(2^(4x))?
How do you solve 2^x^2 = 32(2^(4x))?...
##### One significant consequence of the COVID-19 situation is that many meetings that formerly were held face-to-face...
One significant consequence of the COVID-19 situation is that many meetings that formerly were held face-to-face are now held virtually using something like Zoom or Skype. Suppose the first population is all face-to-face meetings held in June 2020, the second population is all Zoom meetings held in ...
##### Consider e PDA drawn below: Write out the formal description of the DA Exibit a computation...
Consider e PDA drawn below: Write out the formal description of the DA Exibit a computation path that accepts the input DDIOl" by atin uhot the State te and conterts of the Stack are at the besninga n and after each tran sit oper otes .Tnformally explain-lowths-FDA using Enelis leat lanayoape is...
##### HELP A random sample of 10 college students was drawn fr om a large university. Their...
HELP A random sample of 10 college students was drawn fr om a large university. Their ages are 22, 17,27, 20, 23, 19,24, 18, 19, and 24 years, with a sample of 3.2. Suppose that you want to test whether the population mean age differs from 20 What is the rejection region for a hypothesis test at ...
##### Chapter 2 MiniCase
I'm looking for the solution for Chapter 2 Mini Case from Foundations of Finance (7th Ed) (Keown,Martin,Petty)...
##### Please show full working and check calculations/formulas again before submitting 2. (50 pts) In this problem,...
please show full working and check calculations/formulas again before submitting 2. (50 pts) In this problem, assume the operational amplifier is ideal and its open-loop gain A=c0. The current sources and voltage sources are ideal. Find 1) V.; 2) the current I flowing out of or into the output of th...
##### 2. Why should the levels of water in the leveling bulb and buret be the same?...
2. Why should the levels of water in the leveling bulb and buret be the same? 3. Why were you instructed to keep swirling the Erlenmeyer flask? 4. If you use 0.20 M KI instead of 0.10 M KI, how would this affect (a) the slopes of your curves, (b) the rate of the reactions, and (c) the numerical valu...
##### What is the area enclosed by r=theta  for theta in [0,pi]?
What is the area enclosed by r=theta  for theta in [0,pi]?...