Answer:
I understand this completely true fact
Explanation:
majic
Answer:
Use the same estimations and computations as accounts receivable to determine cash realizable value.
Explanation:
Notes receivable is a balance sheet item, that records the value of promissory notes that a business is owed and has the right receive payment for.
Short term notes receivable are due within a period of one year from the balance sheet date and are catergorised under current assets in the balance sheet.
Answer:
Present Value = $22,663.69
Explanation:
<em>The present value of a sum expected in the future is the worth today given an opportunity cost interest rate. In another words ,it is amount receivable today that would make the investor to be indifferent between the amount receivable today and the future sum.</em>
The present value of a lump sum can be worked out as follows:
PV = FV × (1+r)^(-n)
PV - Present value - ?
FV - Future value - 26,800
r- Interest rate per period - 4.28%
n- number of periods- 4
PV = 26,800 × (1.0428)^(-4)=22,663.69
PV = $22,663.69
