subject
Business, 24.03.2020 22:25 Geo777

On January 1, Year XXX1, Day Co. borrowed cash from First National Bank by issuing $90,000 face value, three-year term note that had a 7% annual interest rate. The note is to be repaid by making annual cash payments of $34,295 that include both interest and principal on December 31 of each year. Day used the proceedings from the loan to purchase land that generated rental revenues of $45,000 per year. Required: a) Find the balance on note payable to First National Bank on January 1, Year XXX3. b) Calculate the net income for years XXX1 and XXX2 assuming only the data provided. c) Find the values of all the assets and liabilities that would be reported in the balance sheet prepared on December 31, Year XXX1. d) Find out the net cash flow from operating activities, investing activities, and financing activities for the year XXX1.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:00
Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?
Answers: 2
question
Business, 22.06.2019 08:40
Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
Answers: 3
question
Business, 22.06.2019 11:00
Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false
Answers: 1
question
Business, 22.06.2019 12:40
When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?
Answers: 3
You know the right answer?
On January 1, Year XXX1, Day Co. borrowed cash from First National Bank by issuing $90,000 face valu...
Questions
question
Mathematics, 17.10.2021 14:50
question
History, 17.10.2021 14:50
question
Mathematics, 17.10.2021 14:50
question
Mathematics, 17.10.2021 14:50
question
Mathematics, 17.10.2021 14:50
question
English, 17.10.2021 14:50
Questions on the website: 13722367