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VikaD [51]
3 years ago
9

On December 31, 2020, Oriole Company sold for $153000 an old machine having an original cost of $266000 and a book value of $113

000. The terms of the sale were as follows: $40000 down payment $56500 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at 7% for 2 years is 1.80802.)
Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

$102,153.13

Explanation:

Amount payable on December 31 each of the next two years = $56,500

The PV of ordinary annuity of ($1,7%,2 years) is 1.80802

The amount of the notes receivable net of the unamortized discount = Amount Payable * PV($1, 7%, 2)

= $56,500 * 1.80802

= $102,153.13

So, the amount of the notes receivable net of the unamortized discount on December 31, 2020 will be $102,153.13.

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Bramble Corp. incurs the following costs to produce 9300 units of a subcomponent: Direct materials $7812 Direct labor 10509 Vari
Allushta [10]

Answer:

$6534

Explanation:

Calculation for how much the net income would increase or (decrease)

First step is to calculate Total Costs to Make

Direct materials $7,812

Direct labor 10,509

Variable overhead 11,718

Avoidable Fixed 3,000

Total Costs to Make 33,039

Second step is to calculate the Total Costs to Buy

Costs to Buy= $2.85 * 9,300 units

Costs to Buy= $26,505

Last step is to calculate Net Income Increase or Decrease using this formula

Net Income Increase or Decrease = Costs to Make – Costs to Buy

Net Income Increase or Decrease =$ 33,039 -$26,505

Net Income Increase or Decrease = $6534

Therefore how much the net income would increase or (decrease) will be $6534

5 0
3 years ago
For the purpose of calculating gdp, investment is spending on
Brut [27]

Spending on capital goods, inventories, and structures, including the building of new homes, is considered investment for the purposes of computing GDP.

A country's gross domestic product (GDP) is the sum of the market capital goods values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a wide indicator of entire domestic production.

While GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the capital goods United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.

Learn more about GDP here

brainly.com/question/15682765

#SPJ4

The complete question is

For the purpose of calculating GDP, investment is spending on

a. stocks, bonds, and other financial assets.

b. real estate and financial assets.

c new capital equipment, inventories, and structures, including new house construction.

d. All of the above.

8 0
1 year ago
Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted Sh
o-na [289]

Answer:

Julie

The percent of her monthly income that will be budgeted for transportation is:

= 13%.

Explanation:

a) Data and Calculations:

Amount budgeted for transportation = $175

Amount being spent on transportation = $250

Total monthly income = $1,900

Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100

= 13.16%

= 13.2%

= 13%

Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)

The additional spending on transportation represents 4% ($75/$1,900 * 100)

New percentage spending on transportation = 13% (9% + 4%)

6 0
3 years ago
Which of the following businesses poses the highest degree of difficulty in e-commerce? Portals and infomediaries Businesses suc
koban [17]

Answer:

Businesses that rely on a physical infrastructure.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

In view of the above details, businesses that rely on a physical infrastructure poses the highest degree of difficulty in e-commerce because it's only dependent online retailing.

3 0
3 years ago
On May 1, 20Y6, Stanton Company purchased $100,000 of Harris Company's 12% bonds at 100 plus accrued interest of $4,000. On June
Blababa [14]

Answer:

b. credit to Gain on Sale of Investments for $2,400.

Explanation:

May 1, 20Y6

Purchase price of Bond = $100

Number of Bond Purchased = $100,000 / 100 = 1,000 per bond

February 1, 20Y7

Sale Price of Bond = $103 per Bond

Gain on Sale = $103 - $100 = $3 per bond

Number of Bond Sold = $80,000 / 100 = 800 bonds

Gain on sold bonds = 800 bonds x $3 per bond = $2,400

Journal Entry Will be as follows:

                                    Dr.       Cr.

Cash (800 x 103)   $82,400

Gain on sale                         $2,400

Investment in Bond             $80,000

3 0
3 years ago
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