Business, 14.02.2020 21:32 carcon2019
On December 31, 2005, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both notes, interest is calculated on the outstanding principal balance at the annual rate of 3% and payable at maturity.
The note from Hart Corp., made under customary trade terms, is due in nine months and the note from Maxx, Inc. is due in five years. The market interest rate for similar notes on December 31, 2005 was 8%. The compound interest factors to convert future values into present values at 8% follow:
Present value of $1 due in nine months: .944
Present value of $1 due in five years: .680
At what amounts should these two notes receivable be reported in Jet's December 31, 2005, balance sheet?
Hart Maxx
a. $9,440 $6,800
b. $9,652 $7,820
c. $10,000 $6,800
d. $10,000 $7,820
Answers: 3
Business, 22.06.2019 13:40
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
Business, 22.06.2019 20:30
The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.
Answers: 3
Business, 22.06.2019 21:20
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
On December 31, 2005, Jet Co. received two $10,000 notes receivable from customers in exchange for s...
Mathematics, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
History, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
World Languages, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
English, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
English, 01.10.2019 10:10
History, 01.10.2019 10:10
Geography, 01.10.2019 10:10
Biology, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10
Mathematics, 01.10.2019 10:10