1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blsea [12.9K]
3 years ago
9

On January 1, 2020, Concord Corporation exchanged equipment for an $782000 zero-interest-bearing note due on January 1, 2023. Th

e prevailing rate of interest for a note of this type at January 1, 2020 was 9%. The present value of $1 at 9% for three periods is 0.77. What amount of interest revenue should be included in Concord's 2021 income statement?
Business
1 answer:
Sever21 [200]3 years ago
4 0

Answer:

The amount of interest revenue should be included in Concord's 2021 income statement is $59069.934

Explanation:

Carrying value of note on january 1, 2020 = $782000*0.77

                                                                      = $602140  

Interest for 2020 = $602140*9%

                             = $54192.6

Interest for 2021 = ($602140 + $54192.6)*9%

                            = $59069.934

Therefore, The amount of interest revenue should be included in Concord's 2021 income statement is $59069.934

You might be interested in
Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the jo
OverLord2011 [107]
The page entry at the top right side of the journal should be <span>J1.

Hope this helps!!</span>
7 0
3 years ago
Charismatic leaders are often _____ than transactional leaders.
hram777 [196]
I had a quiz like this back in 9th grade, even though what goes in the blank is less predictable. Glad to help :)
7 0
3 years ago
An international business is defined as Multiple Choice one that implements homogenous practices across countries. the basis for
ziro4ka [17]

Answer:

one that implements homogeneous practices across countries.

Explanation:

The process of trading across the national boundaries are said to be an international business. The business process like trading of the good and services and the process of technological and capital investment globally fall under the practice of international business. The transactions of the goods and services are practiced across the borders. Globalization is another term of international business.

6 0
4 years ago
Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease for $35,000 per
MrRissso [65]

Answer:

$30,000

Explanation:

Lara Technologies could invest the 250,000 in exchange of a 12% return, therefore, the opportunity cost would be:

$250,000 x 12% = $30,000

$30,000 dollars in returns is what Lara Technologies would give up if it purchased the land instead of investing the money.

6 0
3 years ago
If you have a long position in a foreign currency, you can hedge with:_____.
arlik [135]

In forex trading When someone is holding a long position in a foreign currency, then the person can hedge with a short position in a currency forward contract.

What do we mean by long position in a foreign currency?

Long can be explained as when someone buy with the expectation that the purchase will rise in term of value in the future.

At a long on a currency, one is try to bet the base currency, that it will strengthen compared with the quote currency.

Learn more about foreign currency here;

brainly.com/question/11160294

8 0
2 years ago
Other questions:
  • ) the price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles
    7·1 answer
  • A company allocates $7.50 overhead to each unit produced. the company uses a Plantwide overhead rate with direct labor hours as
    7·1 answer
  • While Fun Frames incurs a cost of $12 for a pair of eyeglasses, Highwire, its competitor, manufactures a pair of glasses at $10.
    7·1 answer
  • Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost
    10·1 answer
  • Evaluate a. "If banks increase their excess reserves, the monetary base will increase. If the monetary base increases, the money
    14·1 answer
  • Two of the statements describe productive efficiency, two describe allocative efficiency, and the remaining two statements descr
    7·1 answer
  • In​ 2016, global revenue for Amazon was​ ________ when measured in local currencies than it was when measured in dollars. This o
    11·1 answer
  • Which of the following is an example of enthusiasm? A.Criticizing a co-worker B. Encouraging the team C.Being late for work D. B
    14·2 answers
  • Oil Creek Auto has sales of $3,340, net income of $274, net fixed assets of $2699, and current assets of $836. The firm has $417
    6·1 answer
  • Jade is comparing full-time job offers of $35,000 per year or $17.65 per hour. Which offer has a higher annual gross?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!