At january 1, 2018, nci industries, inc., was indebted to first federal bank under a $240,000, 10% unsecured note. the note was signed january 1, 2014, and was due december 31, 2019. annual interest was last paid on december 31, 2016. nci was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement. first federal agreed to reduce last year’s interest and the remaining two years’ interest payments to $11,555 each and delay all payments until december 31, 2019, the maturity date. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: prepare the journal entries by nci industries, inc., necessitated by the restructuring of the debt at: (1) january 1, 2018; (2) december 31, 2018; and (3) december 31, 2019. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round final answers to the nearest whole dollar.)

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

this business is a price setter.

hope this

answer; purpose nondisclosure;