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Mandarinka [93]
3 years ago
14

On January 1, 2022 Hideki Matsuyama provides services in exchange for a $10,000 zero-interest bearing note due in 4 years. The e

ffective interest rate for a note of this type is 15 percent. How much revenue does Hideki recognize on January 1, 2022?
Mathematics
1 answer:
Doss [256]3 years ago
6 0

Hideki recognizes a $17,490.06 revenue.

<h3><u>Revenue</u></h3>

Given that on January 1, 2022 Hideki Matsuyama provides services in exchange for a $10,000 zero-interest bearing note due in 4 years, and the effective interest rate for a note of this type is 15 percent, to determine how much revenue does Hideki recognize on January 1, 2022 the following calculation must be made:

  • 10000 x 1.15^4 = X
  • 10000 x 1.749 = x
  • 17490.06 = X

Therefore, Hideki recognizes a $17,490.06 revenue.

Learn more about revenue in brainly.com/question/14695611

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