On july 1, 2017, crane inc. made two sales.
1. it sold land having a fair value of $915,...
Business, 18.12.2019 03:31 jessieeverett432
On july 1, 2017, crane inc. made two sales.
1. it sold land having a fair value of $915,830 in exchange for a 3-year zero-interest-bearing promissory note in the face amount of $1,252,520. the land is carried on agincourt’s books at a cost of $597,600.
2. it rendered services in exchange for a 5%, 6-year promissory note having a face value of $402,550 (interest payable annually).
crane inc. recently had to pay 8% interest for money that it borrowed from british national bank. the customers in these two transactions have credit ratings that require them to borrow money at 11% interest.
record the two journal entries that should be recorded by crane inc. for the sales transactions above that took place on july 1, 2017. (round present value factor calculations to 5 decimal places, e. g. 1.25124 and final answers to 0 decimal places, e. g. 5,275. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 15:20, ashleyuchiha123
Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)
Answers: 2
Business, 22.06.2019 20:30, anilauferc
You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
Answers: 3
Business, 22.06.2019 23:30, sierravick123owr441
An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would:
Answers: 1
Business, 23.06.2019 07:40, hjamileth77
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
Answers: 2
You know the right answer?
Questions in other subjects:
Social Studies, 21.01.2020 04:31
Mathematics, 21.01.2020 04:31
