Business, 13.08.2021 02:10, tonyiacamper1
Splish Brothers Inc. issues a $570,000, 10%, 10-year mortgage note on December 31, 2017, to obtain financing for a new building. The terms provide for annual installment payments of $92,765. Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018.
Answers: 3
Business, 22.06.2019 04:10, jennifer9983
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
Answers: 2
Splish Brothers Inc. issues a $570,000, 10%, 10-year mortgage note on December 31, 2017, to obtain f...
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