Marin company received a seven-year zero-interest-bearing note on february 22, 2020, in exchange for property it sold to riverbed company. there was no established exchange price for this property and the note has no ready market. the prevailing rate of interest for a note of this type was 6.4% on february 22, 2020, 6.9% on december 31, 2020, 7.1% on february 22, 2021, and 7.4% on december 31, 2021.
what interest rate should be used to calculate the interest revenue from this transaction for the years ended december 31, 2020 and 2021, respectively?
Answers: 3
Business, 21.06.2019 15:30
Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?
Answers: 1
Business, 21.06.2019 20:30
In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable
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Business, 22.06.2019 02:40
Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?
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Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
Marin company received a seven-year zero-interest-bearing note on february 22, 2020, in exchange for...
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