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Alexus [3.1K]
3 years ago
8

When a note receivable is honored, cash is debited for the note's ________ value?

Business
1 answer:
Karolina [17]3 years ago
7 0

When a note receivable is honored, cash is debited for the note's maturity value. The maturity value is the amount of money a company would receive when the note is due. The note is the amount of money that needs to be paid by the due date set. If the note is not paid by the time it is due, extra interest is added on to it as well.

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You are in the process of getting a new car but are not sure if you should buy or lease. The price of the car you want is $18,00
Mnenie [13.5K]

Answer:

You should buy the car.

Explanation:

Note: See the attached excel file for the worksheet that shows calculations of the present values of the Lease and Buy Options.

In the attached excel file, we have:

Net present value of Lease Option = $3,654.01

Total present value of Buy Option = $4,135.47

Difference = Total present value of Buy Option - Present value of Lease Option = $481.46

The Difference above shows that the total present value of Buy Option is greater than the net present value of Lease Option by $481.46.

Since the total present value of Buy Option of $4,135.47 is greater than the net present value of Lease Option of $3,654.01, you should buy the car.

Download xlsx
8 0
3 years ago
At the end of the first year of operations, Yolandi Company had $900,000 in sales and accounts receivable of $350,000. XYZ’s man
vivado [14]

Answer:

1. $13,500

2. $13,500

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Explanation:

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Explanation:

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Hence , from the options given in the question ,

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Answer:

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Explanation:

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