Business, 01.12.2021 20:30 cadeedmiston
On December 31, 2020, Arthur Inc. is in financial difficulty and cannot pay a note due that day. It is a $1,000,000 note payable to Marian, Inc. that was issued at 100. Marion agrees to reduce the principle from $1,000,000 to $800,000, extend the maturity date to December 31, 2023, and reduce the interest rate to 4% (with interest payable annually on December 31). The present value of the restructured cash flows is $620,000. For Arthur, the entry for the restructure on December 31, 2020
a. does not affect net income.
b. increases net income by $380,000.
c. increases net income by $104,000.
d. increases net income by $200,000.
Answers: 2
Business, 22.06.2019 17:30, neriah30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
Business, 22.06.2019 19:40, mahoganyking16
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
Business, 22.06.2019 21:00, victorialeverp714lg
Adecision is made at the margin when each alternative considers
Answers: 3
On December 31, 2020, Arthur Inc. is in financial difficulty and cannot pay a note due that day. It...
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