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Cullumber Ltd. receives a 6-year, $106000, zero-interest-bearing note. The present value of this note is $88773. Assuming the note was issued on January 1,2023 ,
Cullumber Ltd. receives a 6-year, $106000, zero-interest-bearing note. The present value of this note is $88773. Assuming the note was issued on January 1,2023 , and the effective interest method is used, the interest income to be recognized for calendar 2023 is $2663.19.$9711.77.$3180.00.$7101.84 Riverbed Corporation reports the following information on January 1, 2023: Preferred shares, 34000 issued, unlimited number authorized, $0.50 dividend paid quarterly Common shares, 162000 issued, unlimited number authorize During 2023 the company earns $359600 in net income. No additional shares have been issued or repurchased. Assuming shares are trading at $66 per share, what is Riverbed's price earnings ratio on December 31, 2023? 36.6732.8435.5631.28
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