On January 1, 2020, Woodall Enterprises sold property to Mattson Company which originally cost Woodall $1,470,000. Mattson gave Woodall a $2,100,000 zero-interest-bearing note payable in three equal annual installments of $700,000, with the first payment due December 31, 2020. The prevailing rate of interest for a note of this type is 10%. The present value of a $2,100,000 note payable in three equal annual installments of $700,000 at a 10% rate of interest is $1,740,900. What is the amount of interest income that should be recognized by Woodall in 2020, using the effective-interest method
Answers: 1
Business, 22.06.2019 03:10
Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today
Answers: 3
Business, 22.06.2019 10:00
Your uncle is considering investing in a new company that will produce high quality stereo speakers. the sales price would be set at 1.5 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,200,000. what sales volume would be required to break even, i.e., to have ebit = zero?
Answers: 1
Business, 22.06.2019 21:30
What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)
Answers: 1
Business, 23.06.2019 00:30
Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?
Answers: 1
On January 1, 2020, Woodall Enterprises sold property to Mattson Company which originally cost Wooda...
Mathematics, 02.11.2019 17:31
Spanish, 02.11.2019 17:31
Mathematics, 02.11.2019 17:31
English, 02.11.2019 17:31
Social Studies, 02.11.2019 17:31
Mathematics, 02.11.2019 17:31
History, 02.11.2019 17:31
English, 02.11.2019 17:31
Mathematics, 02.11.2019 17:31
Advanced Placement (AP), 02.11.2019 17:31
Health, 02.11.2019 17:31
Mathematics, 02.11.2019 17:31