Reference no: EM132637899
Question - The ledger of INFIRM SICK Co. as of December 31, 20x1 includes the following:
10% Note payable 80,000
12% Note payable 120,000
14% Mortgage note payable 60,000
Interest payable -
Additional information:
- INFIRM Co.'s financial statements were authorized for issue on April 15, 20x2.
- The 10% note payable is due on July 1, 20x2 and pays semi-annual interest every July 1 and December 31. On January 28, 20x2, INFIRM Co. entered into a refinancing agreement with a bank to refinance the entire note by issuing a long-term obligation.
- The 12% note payable is due on March 31, 20x2 and pays annual interest every March 31. On January 31, 20x2, INFIRM Co. extended the maturity of the note to March 31, 20x3 under the existing loan agreement. The extension of maturity date is at the option of INFIRM.
- The 14% mortgage note is due on December 31, 20x9. Per agreement with the creditor, INFIRM is to pay quarterly interests on the note, failure to do so will render the note payable on demand. INFIRM failed to pay the 3rd and 4th quarterly interests on the note during 20x1.
Required - How much is the total current liabilities?
a. 119,000
b. 155,000
c. 172,000
d. 189,000
|
How do research about economies of scale
: How do research about economies of scale, economies of scope, global companies, global teams, globalization strategy, international division, joint venture
|
|
What is big tech current pe ratio
: What is Big Tech's current P/E ratio? -BIG TECH Inc. sells at $40 per share, and its latest 12-month earnings were $8 per share, of which $3.20 per share
|
|
What is the present value of the CCA tax shield
: What is the present value of the CCA tax shield associated with the building if your firm intends to use a 20-year planning horizon for the project
|
|
Evaluate the pros and cons of the adopted financial standard
: Evaluate the pros and cons of the adopted financial standard, discuss related research on the issue and, where possible, propose alternatives
|
|
How much is the total current liabilities
: The 12% note payable is due on March 31, 20x2 and pays annual interest every March 31. How much is the total current liabilities
|
|
What is the maximum price that the investor should pay
: What is the maximum price that the investor should pay for each stock based on the dividend-growth model?
|
|
Find outstanding after the stock repurchase
: How many shares of stock will be outstanding after the stock repurchase is completed? Please provide formula and asnwer
|
|
Perform an NPV break even analysis for the case
: Perform an NPV break even analysis for the case where price per unit decreases by 20 % to identify the number of unit sales that is needed for the project
|
|
Distinguish data mining from analytical tools and techniques
: Define data mining. Why are there many names and definitions for data mining? Distinguish data mining from other analytical tools and techniques.
|