1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irina1246 [14]
3 years ago
12

On December 30, 2005, Bart, Inc. purchased a machine from Fell Corp. in exchange for a non-interest bearing note requiring eight

payments of $20,000. The first payment was made on December 30, 2005, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 11%. Present value factors are as follows:
Period Present value of ordinary annuity of 1 at 11% Present value of annuity in advance of 1 at 11%
7 4.712 5.231
8 5.146 5.712

On Bart's December 31, 2005 balance sheet, the note payable to Fell was:

a. $114,240
b. $104,620
c. $94,240
d. $102,920
Business
1 answer:
Darya [45]3 years ago
5 0

Answer: c. $94,240

Explanation:

On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.

Note payable value = Present value of seven $20,000 payments

= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.

= 20,000 * 4.712

= $94,240

You might be interested in
Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect
Fittoniya [83]

Answer:

d. $165,000

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

The computation is shown below:

Cash flow from Operating activities  

Net income                   $150,000

Add: Decrease in accounts receivable $15,000      ($65,000 - $80,000)

Net Cash flow from Operating activities           $165,000

4 0
4 years ago
If a company can use 100% of its
juin [17]

Answer:

to use 100% of its resources to produce timber

Explanation:

I did the test. Trust mate

5 0
2 years ago
Fair use allows individuals to break copyright so long as they ________.
Lady bird [3.3K]
Fair use allows individuals to break copyright so long as they b. <span>Can prove they are not infringing on copyright.

Using another person's work without his permission is considered copyright infringement. However, fair use allows people to use other people's work without their permission, as long as the works used are for commentary, criticism, new reporting, or educational purposes. As long you can prove that a work was not used for infringement purposes, you can break copyright.</span>
3 0
4 years ago
Read 2 more answers
The _____ model suggests that managers should monitor employees’ perceptions of fairness.
Volgvan
The answer is equity. The Equity at Work activity analyzes how the work environment is affected by the advancing and changing standards of the social development of sexual orientation parts, character, and articulation. This incorporates exchange of current and developing laborers' rights, the working environment settings in which they as of now exist, and individual, authoritative and social intercessions that advance and extend business issues of regard, reasonableness, value, and equity.
5 0
3 years ago
Price discrimination Question 29 options:
REY [17]

Answer:

The answer is A) is a type of nonuniform pricing.

Explanation:

Price discrimination is the pricing methodology where supplier will put different price toward different customers/ groups of customer based on the supplier's understanding of that customers/ groups of customer on how much they want to spend on supplier's products.

The strategy because different group of customer will have different demand, price sensitivity and different use thus valuation to a product ( thus C as not correct).

D is not correct because Law is less likely to intervene civil transactions.

B is not correct because producers does not have to make any tradeoff in price setting under this strategy; insteade, they set price based on their understanding of customers.

7 0
3 years ago
Other questions:
  • What’s the solution?
    10·1 answer
  • Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
    5·1 answer
  • Leo is a welfare recipient who qualifies for two means-tested cash benefit programs. If he does not earn any income, he receives
    13·1 answer
  • DeKalb Company made a loan of $6,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate o
    14·2 answers
  • Which of the following terms refers to the necessary stress that activates and motivates people to achieve goals and change thei
    7·1 answer
  • A manufacturer using the _____ promotional strategy focuses its promotional efforts on end consumers.?
    5·1 answer
  • Every night at 9 p.m., the phone rings with calls from companies you have never heard of asking you buy their products. You have
    6·2 answers
  • What are the four components of the global business environment?
    12·2 answers
  • !! PLEASE HELP !!
    11·1 answer
  • The demand curve faced by a monopolistically competitive firms is:______
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!