Lester company received a seven-year zero-interest-bearing note on february 22, 2020, in exchange for property it sold to porter company. there was no established exchange price for this property and the note has no ready market. the prevailing rate of interest for a note of this type was 6% on february 22, 2020, 6.5% on december 31, 2020, 6.7% on february 22, 2021, and 7% on december 31, 2021. what interest rate should be used to calculate the interest revenue from this transaction for the years ended december 31, 2020 and 2021, respectively?
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Business, 21.06.2019 17:10, maehardy4134
Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?
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Business, 21.06.2019 22:10, angellynn581
3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?
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Lester company received a seven-year zero-interest-bearing note on february 22, 2020, in exchange fo...
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