- xcorporation announces the launch of its latest headphones on social media websites
-a video featuring xcorporation talking about its new headphones goes viral
Answer:
cash 55,110,929 debit
note payable 55,110,929 credit
--to record singing of promissory note with discounted interest--
interest expense 1.583.741,77 debit
note payable 1.583.741,77 credit
--to record accrued interest on note payable --
Explanation:
the note plus interest will be for 60 millions.
So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:
Maturity 60,000,000.00
time 0.75
rate 0.12
PV 55,110,929.18
then at December 31th we solve for the accrued interest:
Principal 55,110,929.18
time 0.25 (3 months over 12 month a year)
rate 0.12000
Amount 56,694,670.95
accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77
Answer:
TRUE
Explanation:
Network representatives add value for suppliers and clients alike. They balance the difference between buyers and sellers in terms of time, location, and ownership.
- Channel representatives collect demand and supply information to make the services available on the marketplace.
At a market level, product placement relates to the wide range of products available on the market and presentation of those items in such a manner as to generate curiosity and entice investors to make a buy.
Answer:
First Big Bank can file a lawsuit.
Explanation:
Debbie took the loan when he has the job and agreed to refund the loan or borrowed money. Unfortunate circumstances lead to the loss of his job resulting in the stoppage of loan repayment. Since Debbie did not make any crime so it will not come under criminal law but the bank can file a lawsuit against Debbie and he will be liable to pay a fine and penalties.
Answer:
$61,390
Explanation:
Calculation to determine What does Engler record as the cost of the new truck
Using this formula
Cost of new truck=Purchase price+Sales tax, painting +Logo on the side of the truck +Safety testing +Tune up and oil change
Let plug in the formula
Cost of new truck=$55,000 + $4,000 + $1,600 + $290 +$500
Cost of new truck= $61,390
Therefore what Engler will record as the cost of the new truck is $61,390
