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Please help me calculate this. Just starting off this new objective Knowledge Check 01 Dern Company recently sold a large order of tables to Knoll
Please help me calculate this. Just starting off this new objective
Knowledge Check 01 Dern Company recently sold a large order of tables to Knoll Furniture Store. Terms of the sale require Knoll to sign a noninterest- bearing note of $21,000 with payment due in three years. A rate of 9% reflects the appropriate interest rate for a loan of this type of loan. At what amount should Dern and Knoll value the note receivable/payable and corresponding sales revenue/Inventory? (FV of $1. PV of $1. EVA of $1.PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round final answer to the nearest whole dollars.) Step by Step Solution
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