User Account

All Pages

How much is notes receivable from heart to be reported

Assignment Help Accounting Basics
Reference no: EM132901873

Question - On December 31, 2021, Jethro Company received two P1,000,000 notes receivable from customers in exchange for services rendered. For both notes, interest is calculated at 3% rate per annum and payable at maturity. The first note, from Heart Company, is due in nine months. The second note, from Max Company, is due in five years. The market interest rate for similar notes on December 31, 2021 was 8%.

How much is notes receivable from Heart to be reported on December 31, 2021?

How much is notes receivable from Max to be reported on December 31, 2021?

Reference no: EM132901873

Questions Cloud

What is the portfolio return : Stock A has a return of 21.71% and Stock B has a return of 23.48%. What is the portfolio return
Development of academic vocabulary listening-speaking : Effective teaching involves using a variety of instructional strategies to facilitate the development of academic vocabulary through listening and speaking.
What would be carrying value of the equipment on December : The equipment was purchased from a restricted fund contribution of $8,400. What would be the carrying value of the equipment on December 31, 2020
Discuss the potential impact on premiums : Discuss the potential impact on premiums, the residual market, and the availability of insurance.
How much is notes receivable from heart to be reported : The market interest rate for similar notes on December 31, 2021 was 8%. How much is notes receivable from Heart to be reported
About becoming and staying healthy and fit : It should contain important ideas and activities that provide families and children with knowledge about becoming and staying healthy and fit.
Online distance learning in work environment : Suppose you are migrating instruction developed for a face-to-face classroom to the web for online distance learning in your work environment.
What is pseudo type of conflict : What are these types of conflict and can you provide an example of when you have experienced them? Interpersonal Conflict is an expressed struggle
Why do believe the hot buttons exist : Why do you believe these hot buttons exist? Describe a situation when these hot buttons created conflict. Provide a strategy on how you can manage

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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