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lara31 [8.8K]
3 years ago
14

Kohl Company lent $49,587 to Hemingway, Inc, accepting Hemingway's 2-year, $60,000, zero-interest-bearing note. The implied inte

rest rate is 10%. Prepare Kohl's journal entries for the initial transaction, recognition of interest each year, and the collection of $60,000 at maturity.
Business
1 answer:
Nostrana [21]3 years ago
3 0

Answer:

Date     Account Titles                            Debit         Credit

            Notes Receivable                      $60,000

                   Discount on Notes Receivable             $10,413  

                   Cash                                                        $49,587  

             Discount on Notes Receivable  $4,959

                    Interest Revenue                                    $4,959  

             Discount on Notes Receivable $5,454

             ($49587+$4959)*10%  

                     Interest Revenue                                    $5,454

              Cash                                           $60,000

                     Notes Receivable                                   $60,000

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Answer:

A. Evaluate strategic opportunities.

Explanation:

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In the evaluation stage we look at how feasible a strategic opportunity is. A choice is made between different alternatives to come up with the best choice for the business.

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When marketers consider the defection rate of a market segment, what behavior are they calculating?
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Answer:

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All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f
Tamiku [17]

Answer:

1. using plans as a standard for measuring performance.

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3 0
3 years ago
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Answer:

<em>The current market price for the bond is $903.05</em>

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<em>A semiannual interest payments of 7 years, yielding a maturity rate of=6.23%</em>

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