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Stellar Corporation purchased equipment and in exchange signed a two-year promissory note. The note requires Stellar...
how do i do this using a financial calculator? Stuart Corporation purchased equipment and in exchange...
how do i do this using a financial calculator?
Stuart Corporation purchased equipment and in exchange signed a two-year promissory note on January 14, 2012. The note requires Stuart to make a single payment of $40,000 at the end of 2012 and a single payment of $100,000 at the end of the second year. Stuart has other promissory notes that charge interest at the annual rate of 6 percent Required: 1. Compute the present value of the note, rounded to...
ABC purchased equipment at a cost of $ 45,000. To finance the purchase, he signed a...
ABC purchased equipment at a cost of $ 45,000. To finance the purchase, he signed a five-year promissory note, which requires five equal annual payments. ABC will make the first payment in one year. Each payment will be in the amount of $ 12,795. Suppose the note carries an interest rate of 12% and ABC will pay $ 10,000 annually for the five years of the note. At the end of year 5, in addition to the $ 10,000, ABC...
Beta purchased a computer at a cost of $ 45,000. To finance the purchase, he signed...
Beta purchased a computer at a cost of $ 45,000. To finance the purchase, he signed a five-year promissory note, which requires five equal annual payments. Beta will make the first payment in a year. Each payment will be in the amount of $ 12,795. Suppose the note from the previous year carries an interest rate of 12% and Beta will pay $ 10,000 annually over the five years of the note. At the end of year 5, in addition...
On January 2, 2018, Jensen Corporation sells equipment it manufactured to Lewisburg Fabricators in exchange for...
On January 2, 2018, Jensen Corporation sells equipment it manufactured to Lewisburg Fabricators in exchange for a $200,000 note due in three years. The note bears no stated interest rate, but requires the entire $200,000 to be repaid at the end of three years. When Lewisburg Fabricators sought bank financing for this purchase the company was offered the funds at 8%, but decided to let Jensen hold the note. A) What price does Jensen record the equipment sale at? B)...
On January 1, 2018, Allgood Company purchased equipment and signed a six - year mortgage note...
On January 1, 2018, Allgood Company purchased equipment and signed a six - year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) O A. $9,053 O B. $12,000 O C. $70,861 O D. $21,139
Company XYZ purchased equipment and gave a three-year note with maturity value of $12,006. The annual discount rate for...
Company XYZ purchased equipment and gave a three-year note with maturity value of $12,006. The annual discount rate for the note was 14%, if XYZ has to make equal payments at the end of each quarter for three years (quarterly discounting), Then the payment each time should be $827.87. True or False
On January 1, 2018, Ivanhoe Corporation signed a 5-year noncancelable lease for equipment. The terms of...
On January 1, 2018, Ivanhoe Corporation signed a 5-year noncancelable lease for equipment. The terms of the lease called for Ivanhoe to make annual payments of $202000 at the beginning of each year for 5 years beginning on January 1, 2018 with the title passing to Ivanhoe at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Ivanhoe uses the straight-line method of depreciation for all of its fixed assets....
On January 1, Chen Corporation signed a five-year noncancelable lease for equipment. The terms of the...
On January 1, Chen Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Chen to make annual payments of $120,000, beginning at inception of the lease. Title will transfer to Chen at the end of the 5 year lease period. The equipment has an estimated useful life of 7 years and no salvage value. The effective interest rate for the lease is 10% and Chen uses the straight-line method of depreciation for its e...
On January 1, 2018, Ivanhoe Corporation signed a 5-year noncancelable lease for equipment. The terms of the lease called...
On January 1, 2018, Ivanhoe Corporation signed a 5-year noncancelable lease for equipment. The terms of the lease called for Ivanhoe to make annual payments of $202000 at the beginning of each year for 5 years beginning on January 1, 2018 with the title passing to Ivanhoe at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Ivanhoe uses the straight-line method of depreciation for all of its fixed assets....
14./15. On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for...
14./15.
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) O A. $21,139 OB. $70,861 O c. $9,053 OD. $12,000 On January 1, 2018, Westside Sales issued $15,000 in bonds for $16,800. These are eight-year bonds with...
how do i do this using a financial calculator?
Stuart Corporation purchased equipment and in exchange signed a two-year promissory note on January 14, 2012. The note requires Stuart to make a single payment of $40,000 at the end of 2012 and a single payment of $100,000 at the end of the second year. Stuart has other promissory notes that charge interest at the annual rate of 6 percent Required: 1. Compute the present value of the note, rounded to...
ABC purchased equipment at a cost of $ 45,000. To finance the purchase, he signed a five-year promissory note, which requires five equal annual payments. ABC will make the first payment in one year. Each payment will be in the amount of $ 12,795. Suppose the note carries an interest rate of 12% and ABC will pay $ 10,000 annually for the five years of the note. At the end of year 5, in addition to the $ 10,000, ABC...
On January 1, 2018, Allgood Company purchased equipment and signed a six - year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) O A. $9,053 O B. $12,000 O C. $70,861 O D. $21,139
On January 1, Chen Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Chen to make annual payments of $120,000, beginning at inception of the lease. Title will transfer to Chen at the end of the 5 year lease period. The equipment has an estimated useful life of 7 years and no salvage value. The effective interest rate for the lease is 10% and Chen uses the straight-line method of depreciation for its e...
14./15.
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $80,000 at 15%. The note will be paid in equal annual installments of $21,139, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) O A. $21,139 OB. $70,861 O c. $9,053 OD. $12,000 On January 1, 2018, Westside Sales issued $15,000 in bonds for $16,800. These are eight-year bonds with...
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