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
denis23 [38]
3 years ago
8

On January 1, 2018, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $15

,000 annually for six years. The first payment was made on January 1, 2018. The prevailing rate of interest for this type of note at date of issuance was 8%. Glanville should record sales revenue in January 2016 of:
a. $90,000.
b. $74,891.
c. $69,343.
d. None of these answer choices is correct.
Business
1 answer:
Mariana [72]3 years ago
4 0

Answer:

Glanville should record sales revenue of $74,891

Explanation:

Installment =  $15,000

Number of years = 6

Present value of installment = $15,000 * Present Value factor(8%, 6 years)

Present value of installment = $15,000 * 4.99271

Present value of installment = $74,890.65

Present value of installment =  $74,891

You might be interested in
A decline in the real GDP that occurs for at least two or more quarters is called a _______. a. recession c. recovery b. depress
vagabundo [1.1K]
A decline in the real GDP that occurs for at least two or more quarters is called a depression. The correct option among all the options that are given in the question is option "b". There is a very thin line of difference between recession and depression. when the real GDP falls for a repeated number of periods, then it is depression.
6 0
4 years ago
In 2–3 sentences, describe how you would conduct a search for a single record.
boyakko [2]

There are several ways you can find a record. The easiest way is by using  the find command. You can do this by pressing the combination keys Control + F. You will then see a mini search box in the top right corner of your screen.   Lastly, type in the word, phrase, or record that you want to find.  You will then be directed to several highlighted words, and TADA! :D

Hope this helps  :)

7 0
3 years ago
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in
Bezzdna [24]

Answer:

Inventory= $251,540

Explanation:

Giving the following information:

Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.

Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.

Inventory=  203,600 + 25,420 + 22,520= $251,540

3 0
3 years ago
Stephanie is nervous about giving a presentation at the marketing firm where she works. One of her male coworkers told her, "Don
Mice21 [21]

Answer:

Stereotype threat

Explanation:

A. Stereotype threat

Explanation:

Stephanie's anxiety stems from Stereotype threat. She is way too concerned about how she appears to her audience. This has caused her to be nervous. She is in a predicament where she feels at risk of conforming to stereotypes about her gender. Especially because of her male coworker who told her, "don't be such a girl, attack that presentation! "

8 0
3 years ago
Read 2 more answers
Billy isn't sure he'll be able to rise to the challenge of pitching to a very important client at work, but his supervisor selec
lidiya [134]

Answer:

d. blind

Explanation:

The Johari window label is used to provide an explanation of the relationship between employers and employees. It gives an explanation of some psychological issues that inform the behavior of these two groups. The quadrant of the Johari window labeled <em>blind reveals what the employer knows about the employee, but the employee does not know that about himself due mostly to a lack of self-awareness.</em> This is the case between Billy and his employer who knows about his ability to pitch a deal, but which Billy is not so confident about.

The employer could help Billy overcome the problem of lack of self-awareness by encouraging him to reveal information about himself.

4 0
3 years ago
Other questions:
  • iSooky has a spotter truck with a book value of $40,000 and a remaining useful life of five years. At the end of the five years
    5·1 answer
  • An early warning signal for the potential of an overdrawn budget is created when: contingency funds are applied for. a bottom-up
    5·1 answer
  • Now that you have identified Verdure Wellness Club's target market, you need to turn your attention to the buyer decision proces
    11·1 answer
  • Sway's Market is considering a project that will require the purchase of $1.4 million in new equipment. The equipment will be de
    8·1 answer
  • Sixteen-year-old Travis Mitchell brought his Pontiac GTO into M&amp;M Precision Body and Paint for body work and a paint job. M&
    14·1 answer
  • What monthly rate of interest will yield an annual effective rate of interest of 14%?
    15·1 answer
  • Uming a 360-day year, when a $15,217, 90-day, 12% interest-bearing note payable matures, total payme
    13·1 answer
  • If a consumer buys flour because he loves baking, the flour is counted as part of GDP. If a bakery buys flour as an input to bak
    9·1 answer
  • The Nellie Company has provided the following information: Operating expenses were $115,000; Gross profit was $629,000; Cost of
    15·1 answer
  • Sales mix is the relative percentage in which a company sells its multiple products. the trend of sales over recent periods. a m
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!