Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2016. Payment was made in the form of a noninterest-bearing note requiring Lincoln to make six annual payments of $5,000 on each September 30, beginning on September 30, 2019. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2016, assuming that an interest rate of 10% properly reflects the time value of money in this situation.
Amount Recorded: __________________
Magic Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $136,000 and have an estimated useful life of 5 years. It will be sold for $65,000 at that time. (Amusement parks need to rotate exhibi..
Two products, IF and RI, emerge from a joint process. Product IF has been allocated $33,300 of the total joint costs of $54,000. A total of 2,800 units of product IF are produced from the joint process. Product IF can be sold at the split-off point f..
jan receives no reimbursement from her employer. jan has an agi for year of 50000 and no other itemized deductions. if
Evaluate the responsibilities of the contracting officer during the proposal evaluation process
What would be effect on the company's overall net operating income of dropping product S85U? Should the product be dropped?
Revenues for the year ended September 30, 2012, were $209,000, and expenses were $112,000. Under plan (b), prepare the partnership income statement for the year
The net income reported on the income statement for the current year was $200,000. Depreciation recorded on plant assets and amortization of patents for the year were $30,000 and $8,000 respectively. Balances of current asset and current liability ac..
alternative financing plansfly co. is considering the following alternative financing plansincome tax is estimated at
during the current period department a finished and transferred 50000 units to department b. of the 50000 units 20000
Today Thomas deposited $130,000 in a three-year, 8% CD that compounds quarterly. What is the maturity value of the CD? A company issued $ 100,000 5-year, 7.00% bonds and received $ 101,137 in cash. The market rate of interest when the bonds were issu..
What is the real future value of $10,000 which will sit in a savings account for 20 years, earning 4% interest compounded yearly during a period of 4% annual inflation?
Dylan worked for a propane gas distributor as an accounting clerk in a small Midwestern town. Last winter, his brother Mike lost his job at the machine plant. By January, temperatures were sub-zero, and Mike had run out of money. What can a business ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd