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.)
Answers: 1
Business, 22.06.2019 19:20
Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)
Answers: 3
Business, 22.06.2019 20:20
Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year
Answers: 2
Business, 22.06.2019 20:40
Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. how much will you have in the account in 19 years?
Answers: 2
At january 1, 2018, nci industries, inc., was indebted to first federal bank under a $240,000, 10% u...
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