Business, 19.12.2019 06:31 jacob7758

Mcclelland corporation agreed to purchase some landscaping equipment from agri-products for a cash price of $500,000. before accepting delivery of the equipment, mcclelland learned that the same equipment could be purchased from another dealer for $460,000. to avoid losing the sale, agri-products has offered mcclelland a "no interest" payment plan—mcclelland would pay $100,000 at delivery, $200,000 one year later, and the final $200,000 in two years.

required:

1. mcclelland would usually pay 9% annual interest on a loan of this type. what is the

present value of the agri-products loan at the delivery date?

2. what journal entry would mcclelland make if it accepts the deal and buys from

agri-products?

3. what should mcclelland do?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:00

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Answers: 1

Answer

Business, 22.06.2019 00:30

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Answers: 3

Answer

Business, 22.06.2019 12:30

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?

Answers: 1

Answer

Business, 22.06.2019 20:20

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Answers: 1

Answer

You know the right answer?

Mcclelland corporation agreed to purchase some landscaping equipment from agri-products for a cash p...

Questions

Business, 05.09.2019 01:10

Honest abe's is a chain of furniture retail stores. integral designs is a furniture maker and a supplier to honest abe's. honest abe's has a beta of 1...