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irinina [24]
3 years ago
6

On January 1, 2020, Ann Price loaned $187825 to Joe Kiger. A zero-interest-bearing note (face amount, $250000) was exchanged sol

ely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 10%. The present value of $250000 at 10% for three years is $187825. What amount of interest income should Ms. Price recognize in 2020
Business
1 answer:
igomit [66]3 years ago
6 0

Answer:

$18,783

Explanation:

Ann Price loaned to Joe Kiger × Rate of Interest

Ann Price loaned to Joe Kiger$187,825

Rate of Interest 10%

Hence;

$187,825 × .10

= $18,783

Therefore amount of interest income should Ms. Price recognize in 2020 will be

$18,783

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Answer:

Recruitment criteria.

Explanation:

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2 years ago
Professional athletes attempting only to maximize income will defer larger salaries if:
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3 years ago
Marian Company reported the following items for the month of​ July: Sales revenue $ 473 comma 300 Cost of goods sold $ 300 comma
NARA [144]

Answer:

4.33.

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Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].

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3 0
3 years ago
Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _
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When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

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8 0
1 year ago
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It would therefore make little to no sense on their part to spend such huge amounts of money to build their brand if their products will be of low quality. The mushrooms have to be of high quality so that people may associate their brand with High Quality.

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