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erik [133]
3 years ago
14

Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six-month, 5 percent note.

a. The company loans the money on January 1.b. The new employee pays Nova the interest owed on the maturity date.c. The new employee pays Nova the full principal owed on the maturity date.Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)
Business
1 answer:
Tanzania [10]3 years ago
8 0

Answer:

Answer for the question :

"Nova Corporation hired a new product manager and agreed to provide her a $50,000 relocation loan on a six-month, 5 percent note.a. The company loans the money on January 1.b. The new employee pays Nova the interest owed on the maturity date.c. The new employee pays Nova the full principal owed on the maturity date.Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) "

is in the attachment.

Explanation:

Download pdf
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i do not support gwentyth paltrows company

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​small businesses are hesitant to involve in global business because it:
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3 years ago
Now that you have studied the active and passive voice, what do you think when someone in government or business says, "Mistakes
Nikitich [7]

Answer:

The sentence is unethical if there is a clear responsability on the mistakes. If the mistakes were made, and no one can be truly held accountable for that, then, the sentence is not unethical.

Explanation:

For example, if the government is corrupt, and officials actively commit embezzlement, the phrase "mistakes were made" is unethical because it is diverting the personal responsability of the corrupt officials.

But if for example, there is a volcano eruption, and the goverment tries its best to avoid casualties, but because of some involuntary mistakes some people still die, the phrase is not unethical because the mistakes were not voluntary and the consequences of those were not intended.

8 0
3 years ago
If there is a 5 year bond with 10% coupon rate, which was purchased at $980 and sold at $1020 by end of year 4, what is the inve
Gennadij [26K]

Answer:

14%

Explanation:

Rate of return = Coupon + (Selling price - face value) / face value

Rate of return  = $98 + ($1,020 - $980) / $ 980

                           = 0.14

                            = 14%

YTM = [C + (F - P) / n] ] / [(F + P) / 2 ]

Where:

  • C = Coupon
  • F = Face Value
  • P = Selling Price
  • n = Years to Maturity.

YTM = [$98 + ($980 - $1020) / 5] ] / [($980 + $1020) / 2 ]

       = 0.09

       = 9%

Thus, the yearly rate of return (14%) is higher than the coupon rate (10%), and the YTM (9%).

         

7 0
3 years ago
urk Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows: End
Brums [2.3K]

Answer:

Turk should purchase Machine B

Explanation:

<u>Our first step</u> will be to multiply each cashflow by the factor.

Then we will add them to get the present value of the cash flow

\left[\begin{array}{cccc}-&A&factor&Present \: Value\\Year \: 1&5,000&0.8696&4,348\\Year \: 2&4,000&0.7561&3,024.4\\Year \: 3&2,000&0.6567&1,313.4\\Total&11000&-&8,685.8\\\end{array}\right]

Then we subtract the machine cost:

8,685.8 - 9,000 = -314.2 This Machine has a negative value. It is not convinient to purchase this machine.

\left[\begin{array}{cccc}-&B&factor&Present \: Value\\Year \: 1&1,000&0.8696&869.6\\Year \: 2&2,000&0.7561&1,512.2\\Year \: 3&11,000&0.6567&7,223.7\\Total&14,000&-&9,605.5\\\end{array}\right]

9,605.5 - 9,000 = 605.5 This machine NPV is positive it is convient.

7 0
3 years ago
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