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Riverbed Bear Inc. is a retailer of nursery furniture. On April 1, 2023, Riverbed sold a nursery set to a customer and received a $4,7003-year
Riverbed Bear Inc. is a retailer of nursery furniture. On April 1, 2023, Riverbed sold a nursery set to a customer and received a $4,7003-year non-interest-bearing note. Riverbed has a December 31 year end and the market rate of interest is 4%.Click here to view the factor table PRESENT VALUE OF. 1.Elick here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.(a)Your answer has been saved. See score details after the due date.Calculate the amount of the sale. 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, e.g. 1.2512. Round answer to 0 decimal
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