Question
Crawford Manufacturing sold a production machine to Swift Company on January 1, 20x2. Swift signed an installment note requiring payment of $15,500 annually for six
Crawford Manufacturing sold a production machine to Swift Company on January 1, 20x2. Swift signed an installment note requiring payment of $15,500 annually for six years. The first payment was made on January 1, 20x2. The prevailing rate of interest for this type of note at date of issuance was 9%. How much sales revenue should Crawford should in January 20x2 of: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice
None of these answer choices are correct.
$75,790
$93,000
$69,532
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