Delgado Company issues a 3-year, zero-interest-bearing $60,000 note. The interest rate used to discount the zero-interest-bearing note
Question:
Delgado Company issues a 3-year, zero-interest-bearing $60,000 note. The interest rate used to discount the zero-interest-bearing note is 8%. What are the cash proceeds that Delgado Company should receive?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Discount rate from Table 1 is 79383 3 periods at 8 ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
Why is the rate used to discount FCFF different from the rate used to discount FCFE?
-
In terms of the discount rate used to evaluate future cash flows, practically and theoretically, of what should the discount rate consist of, given that markets are not perfect?
-
A seven-year, $10 000 promissory note bearing interest at 8% compounded quarterly is discounted four years after the date of issue at 7% compounded semi-annually. What are the proceeds of the note?
-
If A = -2 6 1 -7 1 then det (A) = an and A-1 =
-
Fill in the blanks: (a) The product of a reaction between a Lewis acid and a Lewis base is called ________. (b) The bond between a Lewis acid and a Lewis base is called ________ or _______. (c)...
-
Which of the following is true? Compare with (1.1). Justify your answers. (a) N t > n if and only if T n < t; (b) N t n if and only if T n t; (c) N t < n if and only if T n > t.
-
Which of the following statements is false? a. Flowcharts make use of many symbols. b. A flowchart emphasizes the flow of documents or records containing data. c. DFDs help convey the timing of...
-
Dale Dyer, who was employed by National By-Products, Inc., was seriously injured at work as the result of a job-related accident. He agreed to give up his right to sue the employer for damages in...
-
sofa (used in office) Someday's office chair Asset Someday's black leather Placed in Service (or purchased) 4/4/21 Sold Basis Initial Accumulated Selling Depreciation Price 10/16/22 $ 3,720 $ 720 $...
-
Two men stand 10 m apart on level ground near the edge of a cliff. One man drops a stone and one second later the other man drops a stone. One second after that, how fast is the distance between the...
-
Drake Company sold a 5-year, zero-interest-bearing $36,000 note receivable to Glenn Inc. Glenn wishes to earn 10% over the remaining 4 years of the note. How much cash will Drake receive upon sale of...
-
Shea Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 15 years. What amount should Shea Company pay for this investment if it...
-
If the Moran Corp. has an ROE of 11 percent and a payout ratio of 20 percent, what is its sustainable growth rate?
-
For the following cuboid, a find the acute angle HAG b find the acute angle between AG and EC. 5 cm H P F 3 am B 3 cm
-
Crane Company collected the following production data for the past quarter: Units Total Month Produced Cost March 5000 $190000 April 4000 170000 May 3400 142000 If Crane uses the high-low method to...
-
write a function equall (listA, listB) that compares two static arrays (test it) int listA {5,9,10,100,90}; int listB={5,9,8,100,90};
-
The company has been preparing a static budget for the last few months.Your manager doesn't understand why the static budget isso dramatically different than actual results. After you examinethe...
-
A router has interfaces with addresses: 196.80.170.65/27 196.80.170.129/27 196.80.170.193/27 What legacy OSPFv2 network command will advertise only the 196.80.170.128/27 network. Code the complete...
-
Discuss the factors that may lead one nation to spend more per person on health care than another nation. What are the implications of fi nding health care to be income elastic in cross-national...
-
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
-
Must a lease for an apartment be in writing to be enforceable? Why?
-
Young Corporation reported income taxes of $340,000,000 on its 2010 income statement and income taxes payable of $277,000,000 at December 31, 2009, and $522,000,000 at December 31, 2010. What amount...
-
Flynn Corporation reports operating expenses of $80,000 excluding depreciation expense of $15,000 for 2010. During the year prepaid expenses decreased $6,600 and accrued expenses payable increased...
-
Rapture Corporation had the following transactions. 1. Issued $200,000 of bonds payable. 2. Paid utilities expense. 3. Issued 500 shares of preferred stock for $45,000. 4. Sold land and a building...
-
Show all your work. Indicate clearly the methods you use, because you will be scored on the correctness of your methods as well as on the accuracy and completeness of your results and explanations. A...
-
I was having trouble figuring out some of these problems. Question #1 and #2, I am trying to figure out the caculations for these two. All the info is provided below. Questions 1.We would like an...
-
Title:AlgIIStats-U9-Test-Std26-9 Mrs. Gonzales placed the names of all her students in a hat and pulled five names without looking. This is a ____. a cluster sample b convenience sample c simple...
Study smarter with the SolutionInn App