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Answer:
$28,560
Explanation:
Calculation for the carrying value of the note receivable on Park’s December 31, 2019, balance sheet
Using this formula
Carrying value of note receivable =Present value of the note +(Imputed interest rate ×Present value of the note )
Let plug in the formula
Carrying value of note receivable=$25,500+(12%×$25,500)
Carrying value of note receivable=$25,500+$3,060
Carrying value of note receivable=$28,560
Therefore the carrying value of the note receivable on Park’s December 31, 2019, balance sheet will be $28,560
Answer:
$1,302.82
Explanation:
The computation of the price that need to sell the bond is shown below:
Here we calculate the present value for the same
Given that
RATE = 5%
NPER = 30 - 1 = 29
PMT = $1,000 × 7% = $70
FV = $1,000
The formula is shown below:
=-PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $1,302.82
Answer:
People dont wanna eat heathly
Explanation: