Question

Neymar Taco Company receives a $75,000, 6-year note bearing interest of 4% (paid annually) from a customer at a time when the discount rate is 6%.

What is the present value of the note received by Neymar?
*
(Round answer to 2 decimal places, e.g.
25.25.)*

Answer #1

Hi

Let me know in case you face any issue:

Cullumber Company receives a $87,000, 4-year note bearing interest
of 6% (paid annually) from a customer at a time when the discount
rate is 8%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the present value of the note received by Cullumber?
(Round answer to 2 decimal places, e.g.
25.25.)
Present value of note received
$enter the present value of the note received in dollars...

Sheridan Company receives a $80,000, 9-year note bearing
interest of 10% (paid annually) from a customer at a time when the
discount rate is 11%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the present value of the note received by Sheridan?
(Round answer to 2 decimal places, e.g.
25.25.)
enter the present value of the note received in dollars rounded
to 2 decimal places

1.) Pizzeria Company earns 9% on an investment that will return
$600,000, 8 years from now. What is the, amount Pizzeria should
invest now to earn this rate of return?
2.) Taco Company receives a $50,000, 6-year note bearing
interest of 8% (paid annually) from a customer at a time when the
discount rate is 9%. What is the present value of the note received
by Taco?
3.) Ramos Company is considering purchasing equipment. The
equipment will produce the cash...

Riverbed Corporation issued a 5-year, $88,000,
zero-interest-bearing note to Garcia Company on January 1, 2017,
and received cash of $88,000. In addition, Riverbed agreed to sell
merchandise to Garcia at an amount less than regular selling price
over the 5-year period. The market rate of interest for similar
notes is 15%.
Prepare Riverbed Corporation’s January 1 journal entry.
(Round present value factor calculations to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
38,548. If no...

Sandhill Corporation issued a 5-year, $86,000,
zero-interest-bearing note to Garcia Company on January 1, 2020,
and received cash of $86,000. In addition, Sandhill agreed to sell
merchandise to Garcia at an amount less than regular selling price
over the 5-year period. The market rate of interest for similar
notes is 12%.
Prepare Sandhill Corporation’s January 1 journal entry.
(Round present value factor calculations to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
38,548. If no...

(a) What is the present value of $29,400 due 8
periods from now, discounted at 6%? (Round answer to 2
decimal places, e.g. 25.25.)
(b) What is the present value of $29,400 to be
received at the end of each of 12 periods, discounted at 12%?
(Round answer to 2 decimal places, e.g.
25.25.)
------------------
Ivanhoe Company is about to issue $298,700 of 6-year bonds
paying an 11% interest rate, with interest payable semiannually.
The discount rate for such securities...

1）Samson PLC issued
a 4-year, £75,000, zero-interest-bearing note to Brown Ltd. on
January 1, 2019. The implicit interest rate is 12%. Prepare
Samson’s journal entries for (a) the January issuance and (b) the
December 31 recognition of interest.

Item 6 Item 6 Item 6 When an equipment dealer receives a
long-term note in exchange for equipment, and the stated rate of
interest is indicative of the market rate of interest at the time
of the transaction, the present value of the future cash flows
received on the notes:

Tamarisk Corporation purchased a truck by issuing an $84,000,
four-year, non–interest-bearing note to Equinox Inc. The market
interest rate for obligations of this nature is 12%.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF
1.
Prepare the journal entry to record the truck purchase.
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually. If no entry is
required,...

Cullumber Company issues a 12%, 6-year mortgage note on January
1, 2017, to obtain financing for new equipment. Land is used as
collateral for the note. The terms provide for semiannual
installment payments of $49,100. (For calculation purposes, use 5
decimal places as displayed in the factor table provided.) What are
the cash proceeds received from the issuance of the note? (Round
answer to 2 decimal places, e.g. 25.25.)

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 31 minutes ago

asked 33 minutes ago

asked 44 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 3 hours ago

asked 3 hours ago