Answer:
$45,111.41
Explanation:
For calculation of value of the payments today first we need to find out the value at 3 years which is shown below:-
Value at 3 years = PMT × (1 - (1 ÷ (1 + r^n))) ÷ r
= $3,000 × (1 - (1 ÷ (1.0265 ^24))) ÷ 0.0265
= $52,776.45
Now, The value of the payment today = Value at 3 year ÷ (1 + r^n)
= $52,776.45 ÷ (1.0265^6)
= $45,111.41
Therefore we have applied the above formula.
Answer:
Margin of safety Amount by which sales can decrease before a loss is incurred.
Answer:
Both risk and risky often connote a negative meaning of something related to or involving dangerous and perilous outcomes. Risky is the adjective form of the base word risk. The difference between risk and risky lies in their grammatical categories. The difference between risk and risky lies in their grammatical category. The key difference between risk and risky is that risk is a noun and the verb form whereas risky is the adjective form of the same word.
Explanation:
Answer:
See below
Explanation:
The journal entry for the issuance of the note proceed is shown below;
Cash A/c Dr $455,000
----------- To Notes payable A/c Cr $455,000
(Being the issuance as well as proceeds of the note that is recorded)
Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.
• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.