Business, 20.06.2020 22:57, ayoismeisjjjjuan
On January 1, 2020, Sparky Inc. performed services for a customer in exchange for a $400,000, ten-year, 5% note. The note requires the customer to pay interest each December 31st, and principal will be remitted at maturity. The company uses the effective interest method to amortize any discounts or premiums. The customer’s normal cost to borrow is 8%. a. What amount of Service Revenue should Sparky record on January 1, 2020? b. What is the total amount of Interest Revenue to be earned over the entire 10-year term of the note? The PV of $1 for 5%, 10n is 0.61, the PV of $1 for 8%, 10n is 0.46. The PVOA for 5%, 10n is 7.72, and the PVOA for 8%, 10n is 6.71.
Answers: 3
Business, 21.06.2019 20:30, aylineorozco836
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 09:50, thanitoast84
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
Business, 22.06.2019 18:00, lovecats12
Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?
Answers: 1
On January 1, 2020, Sparky Inc. performed services for a customer in exchange for a $400,000, ten-ye...
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