Answer:
Dr. Truck $80,869
CR. Note Payable $80,869
Explanation:
Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.
Now calculate the present value of the Note.
PV of Zero coupon bond = FV / ( 1 + r )^n
Where
FV = FV maturity value of the note = $118,400
r = Interest rate = 10%
n= numbers of period = 4 years
Placing Values in the formula
PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4
PV of Zero coupon bond = $80,869
Answer:
Accounting is defined as "The action or process of keeping financial accounts."
Explanation:
Hope I have helped.
Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.
<u><em>Explanation</em></u>:
Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.
- Total cost= 2400+ (34*100,000)= 3,400,000
- Total Revenue= 150*100,000= $15,000,000
- Net income= 15,000,000-3,400,000= $11,600,000
The Net income is therefore $11,600,000.
Answer:
$1,079 billion
Explanation:
Calculation to determine what Gross domestic product is
Using this formula
Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports
Let plug in the formula
Gross domestic product = $475 + $300 + $315 + ($249 - $260)
Gross domestic product =$475 + $300 + $315 + +$11
Gross domestic product = $1,079 billion
Therefore Gross domestic product is $1,079 billion
