Business, 12.12.2019 00:31 kitttimothy55

On march 1, 2018, sun devil inc. sold goods to bruins company by accepting a 5-year, zero-interest-bearing note in the face amount of $1,062,939 with an imputed interest rate of 10%. principal and interest are due at maturity. the goods have an inventory cost on sun devil's books of $400,000. a. determine how much sales revenue sun devil should record on march 1, 2018: $

pv of $1 (10%, 5n) = .62092

pvoa of $ (10%, 5n) = 3.79079

b. using the information presented in #10 above, determine how much interest revenue will be recognized as of december 31, 2018: $

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On march 1, 2018, sun devil inc. sold goods to bruins company by accepting a 5-year, zero-interest-b...