On december 31, 2017, flint corporation sold for $150,000 an old machine having an original cost of $270,000 and a book value of $120,000. the terms of the sale were as follows: $30,000 down payment $60,000 payable on december 31 each of the next two years the agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. what should be the amount of the notes receivable net of the unamortized discount on december 31, 2017 rounded to the nearest dollar? (the present value of an ordinary annuity of 1 at 9% for 2 years is 1.75911.)
Answers: 3
Business, 21.06.2019 21:30
Which of these things did galileo not do? a. stop publishing his scientific work after being convicted of heresy b. invent the concept of acceleration c. experiment with rolling balls down ramps of increasing steepness to test how objects would fall d. argue that earth moves around the sun e. make up a thought experiment that indicated that objects would fall at the same rate
Answers: 3
Business, 22.06.2019 10:20
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 19:00
In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
Answers: 1
On december 31, 2017, flint corporation sold for $150,000 an old machine having an original cost of...
Mathematics, 07.12.2020 22:00
History, 07.12.2020 22:00
Biology, 07.12.2020 22:00
Physics, 07.12.2020 22:00
Computers and Technology, 07.12.2020 22:00
Mathematics, 07.12.2020 22:00
Chemistry, 07.12.2020 22:00
Health, 07.12.2020 22:00
Biology, 07.12.2020 22:00