User Account

All Pages

Find value of the inventory given to the lender on january

Assignment Help Financial Accounting
Reference no: EM132662805

Fundamental Ltd. borrowed $90,000 cash from another company on January 1, 20X1. To get this cash, the company signed a one year 2% interest bearing note with a face value of $81,000 payable with both principal and interest due on December 31, 20X1. The market interest rate is 6%. The company also agreed to give some inventory to the lender on January 1, 20X1. In the blank boxes below, please provide the amounts asked for in each of the following questions in this order (when entering amounts please do not use commas, negative signs, dollar signs or cents).

Problem 1: The value of the inventory given to the lender on January 1, 20X1

Reference no: EM132662805

Questions Cloud

Prepare an executive report for presentation : Prepare an Executive Report for presentation by the M&A partner to HFM on its proposed takeover of CFP (your next promotion and graduation hang on this)
Describe the fbis uniform crime reporting program : Describe the historical development of the FBI's Uniform Crime Reporting Program, and list the crimes on which it reports. How is the ongoing implementation.
Compute amount of interest payable on the bonds : Find amount of interest payable on these bonds that the company will report on its statement of financial position for the year ended December 31, 20X1.
Write on the different classes of immunoglobulins : Write on the different classes of Immunoglobulins? Which Immunoglobulin is the most abundant in the body?
Find value of the inventory given to the lender on january : Find the value of the inventory given to the lender on January 1, 20X1.Fundamental Ltd. borrowed $90,000 cash from another company on January
Has the country had any recent outbreaks : Has the country had any recent outbreaks (ie. Swine Flu)? What is the life expectancy of individuals in that country? Provide citations and references.
What sources might we find fluoride in : What sources might we find fluoride in? Would an electric tooth remove the stains Taylor has from excessive fluorosis?
Prepare a single, continuous multiple-step statement : General and administrative expenses 1,020,000. Prepare a single, continuous multiple-step statement of comprehensive income for 2016
Differences between pcr and dna replication : Compare and contrast the following using the following classifiers as similarities and or differences between PCR and DNA replication.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd