subject
Business, 21.10.2020 09:01 rosiegirl313

By December 31st 2019, Agincourt Inc. had rendered a considerable amount of consulting services to Lee Company for the 2019 fiscal year. Services were rendered in exchange for a fiveyear promissory note with a maturity value (face value) of $500,000; (the promissory note also
pays interest at a rate of 3% per annum and that interest is payable annually commencing on
December 31st 2020). Assume for purposes of this problem that Lee Company has a poor credit
rating that requires them to have to borrow money at 9% (per annum). Assume the services
rendered to Lee by Agincourt were consulting services – just normal revenue to Agincourt Inc.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:30
Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited
Answers: 2
question
Business, 22.06.2019 17:30
Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with β€œround”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click β€œstep in” select the cell and then look at the formula in the formula field of the ribbon remove β€œround” from the formula in order to see the actual value before rounding
Answers: 2
question
Business, 22.06.2019 21:10
Acompany has two products: standard and deluxe. the company expects to produce 36,375 standard units and 62,240 deluxe units. it uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.budgeted activity of cost driver activity cost pool budgeted cost standard deluxe activity 1 $ 93,000 2,500 5,250 activity 2 $ 92,000 4,500 5,500 activity 3 $ 87,000 3,000 2,800 what is the overhead cost per unit for the standard units? what is the overhead cost per unit for the deluxe units? (round activity rate and cost per unit answers to 2 decimal places.)activity expected costs expected activity driver activity rate1 93,000 2 92,000 3 87,000 standard activity activity driver activity rate allocated costs1 2 3
Answers: 2
question
Business, 23.06.2019 00:10
Kcompany estimates that overhead costs for the next year will be $4,900,000 for indirect labor and $1,000,000 for factory utilities. the company uses direct labor hours as its overhead allocation base. if 100,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate?
Answers: 3
You know the right answer?
By December 31st 2019, Agincourt Inc. had rendered a considerable amount of consulting services to...
Questions
question
Mathematics, 10.07.2019 23:50
question
Mathematics, 10.07.2019 23:50
Questions on the website: 13722367