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/15 E Carla Vista Inc. provided several entertainment services to Grouper Corporation in the past. On January 1, 2023, when the receivable for the
/15 E Carla Vista Inc. provided several entertainment services to Grouper Corporation in the past. On January 1, 2023, when the receivable for the past services was due. Grouper was unable to pay the outstanding balance. Carla Vista agreed to accept a $380,000 non- interest bearing note payable on December 31, 2024. Grouper typically could arrange this kind of financing at an interest rate of 15% Click here to view the factor table PRESENT VALUE OF L Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1 (a) Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivable. (Round present value factor calculations to 5 decimal places, eg. 1.2512. Round PV tables and Excel function answers to O decimal places, eg 8,971 and round Financial calculator answer to 2 decimal places, eg. 89.71) Using Note receivable 1. PV tables $ 2: Financial calculator $ 3. Excel function $
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