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dsp73
3 years ago
14

On december 31, 2017, swan company sold for $150,000 an old machine having an original cost of $170,000 and a book value of $120

,000. the terms of the sale were as follows: $30,000 down payment $60,000 payable on december 31 each of the next two years the agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. what should be the amount of the notes receivable net of the unamortized discount on december 31, 2017 rounded to the nearest dollar? (the present value of an ordinary annuity of 1 at 9% for 2 years is 1.75911.)
Business
1 answer:
nydimaria [60]3 years ago
7 0
The answer in this question is 105,546 dollars. The present value of the annuity is ($60,000 × 1.75911) or 105,546 dollars. The formula to get the present value of annuity is $60,000 * 1.75911 so we can get an answer which is 105,546 dollars.
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By using bootstrap marketing strategies (unconventional, low-cost, creative techniques) small companies can get as much "bang" f
Marat540 [252]

Answer:

The given statement relates to bootstrap marketing strategies

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4 years ago
Explain how the government is both a consumer and a producer and give one example of th
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3 0
4 years ago
What terms best refer to anything that can be bought or sold?
Savatey [412]

The terms best refer to anything that can be bought or sold

goods and services

This is further explained below.

<h3>What terms best refer to anything that can be bought or sold?</h3>

Generally, The output of an economic system consists of things like goods and services.

While services consist of activities that are carried out for the advantage of the receivers, goods are physical products that are sold to clients. Products such as autos, home appliances, and apparel are all examples of goods.

In conclusion, The terms best refer to anything that can be bought or sold

goods and sevices

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7 0
2 years ago
Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece
Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory +  Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0
3 years ago
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malfutka [58]

Answer:

False

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3 0
4 years ago
Read 2 more answers
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