On june 1, crane company ltd. borrows $99,000 from acme bank on a 6-month, $99,000, 8% note. the note matures on december 1. correct answer. your answer is correct. prepare the entry on june 1. (credit account titles are automatically indented when amount is entered. do not indent manually.) date account titles and explanation debit credit june 1 enter an account title for the entry on june 1entry field with correct answer cash enter a debit amountentry field with correct answer 99000 enter a credit amountentry field with correct answer enter an account title for the entry on june 1entry field with correct answer notes payable enter a debit amountentry field with correct answer enter a credit amountentry field with correct answer 99000

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.