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Papessa [141]
2 years ago
13

On January 1, 2021, Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1,

2021, but payment for the equipment of $11,900 is not due until December 31, 2021. Assuming that Wooten views the time value of money to be a significant component of this transaction and that an 11% interest rate is applicable. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
How much sales revenue would Wooten recognize on January 1, 2021? (Round your final answer to nearest whole dollar amount.)
Business
1 answer:
lubasha [3.4K]2 years ago
4 0

Answer:

$1,157 rounded to the nearest whole dollar

Explanation:

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