User Account

All Pages

How much is the unearned interest income on may thirt-one

Assignment Help Accounting Basics
Reference no: EM132837327

Problem 1: LINDT Corporation manufactures and sells electrical generators. On May 31, 2020, it sold an electrical generator costing ? 700,000 for ? 1,000,000. The buyer paid ?100,000 down and signed a ? 900,000 non-interest bearing note payable in three equal installments starting May 31, 2021. Assume the prevailing interest rate for a note of this type is 12%. The present value of an ordinary annuity of 1 for three periods is 2.4018. How much is the Unearned interest income on May 31, 2020?

Reference no: EM132837327

Questions Cloud

Habitual chocolate-expansion opportunities : 1. What three types of information provided by "Habitual Chocolate: Expansion Opportunities" are most important and influential in your conclusions and recommen
What will be the value of this investment : If her first $3,000 payment is on her 26th birthday and her last $3,000 payment is on her 60th birthday, what will be the value of this investment
How much is the interest income for lindt corporation : LINDT Corporation manufactures and sells electrical generators. Find How much is the Interest income for the year ending December 31, 2021?
What role does the cost of capital play : What role does the cost of capital play in the firm's long-term investment decisions?
How much is the unearned interest income on may thirt-one : How much is the Unearned interest income on May 31, 2020? The present value of an ordinary annuity of 1 for three periods is 2.4018.
What actions are required to complete your goals : What actions are required to complete your goal(s)? Use your goal setting activity from Module Six for this information. Discuss the specifics of what you need.
What is the price that Kipas should set for special order : Will your answer change if Hong Kong Trading want to purchase 9,000 units instead of 5,000 units? What is the price that Kipas should set for this special order
How much is the gross revenue on sale for lindt corporation : Interest rate for a note of this type is 12%. The present value of an ordinary annuity of 1 for three periods is 2.4018. How much is the Gross revenue on sale?
Explain the concepts of stake and stakeholder : For example: What kinds of stakes and stakeholders do you have? How does this impact the decisions you make in your own life?

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