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Question - Imus Company acquired two items of machinery as follows:
On January1, 2016, Imus Company acquired used machinery by issuing to the seller a three-year, 12% interest note for P3,000,000.
On December 30, 2016, Imus Company purchased a machine in exchange for a noninterest bearing note requiring three payments of P1,000,000. The first payment was made on December 30, 2016, and the others are due annually on December 30. The prevailing rate of interest for this type of note at date of issuance was 12%. The present value of an ordinary annuity of 1 at 12% is 1.69 for two periods and 2.40 for the three periods. What is the total cost of the machinery?
what is the best way to handle manufacturing overhead costs in order to get the most timely job cost information? a.
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For the payday loan problem, if the borrower is unable to pay off the loan until t = 8 weeks, how much would be owed? (Assume that the periodic interest rate)
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dukas co. had these transactions during the current period. june 12 issued 80000 shares of 1 par value common stock for
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