User Account

All Pages

How much is the note receivable at year-end

Assignment Help Accounting Basics
Reference no: EM133019624

Question - On January 1, 2021, Whitney Company sold the following merchandise inventory: Buyer Mode of payment Celine Company 11% promissory note amounting to P75,000 payable every end of the year for three periods. Mariah Company Noninterest-bearing note amounting to P210,000 payable in 3 annual installments every end of the year. The effective rate is 9% and the entity uses 2 decimal places for the PVF. How much is the note receivable at year-end (round-off answer to the nearest peso amount)?

Reference no: EM133019624

Questions Cloud

Rules of etiquette are nonmoral in character : The rules of etiquette are nonmoral in character but violations of these rules on etiquette can have moral implications." Cite a concrete example
Discuss the phrase we must fit our technology to ecology : Discuss the phrase; "we must fit our technology to ecology."
Benefits of an integrated digital marketing strategy : What are three marketing factors that you can influence to increase revenue growth?
What is the income tax payable on December : No income tax was previously paid during the year and the income tax rate is 30%. What is the income tax payable on December 31, 2010
How much is the note receivable at year-end : Buyer Mode of payment Celine Company 11% promissory note amounting to P75,000 payable every end of the year for three periods. How much is the note receivable
Perform concurrent remote transactions : Perform Concurrent Remote Transactions on a single DBMS - Write a simple DBMS Transaction processing logic using Java program*, and run the program
Calculate the non-controlling interest : Calculate the non-controlling interest (NCI) in Harry Ltd's opening Retained Earnings and Operating Profit after Tax for the financial period ended 30 June 2018
Compute the future dollar costs of meeting this obligation : Compute the future dollar costs of meeting this obligation using the money market hedge and the forward hedges
Determine the amount of lincoln work opportunity credit : Each employee works in excess of GOD hours and is paid wages of $12,850 during the year. Determine the amount of Lincoln's work opportunity credit

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