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On January 1, 2017 ABC rendered services in exchange for a $20,000 cash down payment (this down payment is NOT a PVAD; it is simply made to reduce the amount being financed) and a 3 year $115,000, 5% note. Interest is to be remitted each June 30 and Dec 31. Principal will be remitted at maturity. This customer has a credit rating which requires that money be borrowed at 8%.
1. What amount of Service Revenue was recorded on January 1, 2017?
2. What amount of interest revenue should be recognized on this note for the year ending December 31, 2018?
3. What is the Carrying Value of the Note Receivable at December 31, 2018?
4. For Scenario above, determine the Total Interest Revenue ABC will recognize over the entire three-year lending agreement.
Recreate the real Case-Shiller index for the Los Angeles by similarly obtaining the necessary data from a web-search (Standard and Poor’s). Note that the index you download will be a nominal index. Show both the nominal and real indexes on one plot, ..
Star Videos, Inc., produces short musical videos for sale to retail outlets. Prepare a schedule of cost of goods manufactured for the year.
A 13-year bond pays 9 interests on a $1000 face value annually. If it currently sells for $1,300, what is its approximate yield to maturity? What is the approximate yield to maturity for a 11-year bond that pays 12 interest on a $1000 face value annu..
Wyre Electrical manufactures identical light fittings in batches of 40. During November, Wyre Electrical produced 1,327 batches. The total cost incurred in November were (£): What was the cost per light fitting produced in November? If customers are ..
The last dividend per share on Stock K was $1.25. The dividend next year (Year 1) is expected to be 4% higher. Then the dividend is expected to continue to grow at the rate of 4% per year forever. If the stock is priced today at $16.25 per share, wha..
Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share
Do the International Monetary System's policies support or impede the progress of developing economies? Do these policies encourage or discourage investment in these developing economies?
Calculate the expected full cost of the Surenex engagement including an allocation of overhead?- What is the lowest amount that Connie can bill on this engagement without hurting company profit?
Orchard Farms has a pretax cost of debt of 7.68 percent and a cost of equity of 15.2 percent. The firm uses the subjective approach to determine project discount rates. The project has an initial cost of $4.3 million and produces cash inflows of $1.2..
You are constructing a portfolio of two assets, Asset A and Asset B. The expected returns of the assets are 11 percent and 15 percent, respectively. The standard deviations of the assets are 23 percent and 31 percent, respectively. The correlation be..
The class began with a discussion of at-will employment being the foundation principle of the employment relationship. The rest of the course complicated this principle by providing numerous exceptions. Based on your reading throughout the course, pr..
Capitol Corp. management is expecting a project to generate after-tax income of $55,970 in each of the next three years. The average book value of the project’s equipment over that period will be $231,300. If the firm’s investment decision on any pro..
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