On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $500,000 and a discount rate of 6%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2018? A) $525,000. B) $475,000. C) $495,000. D) $300,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $500,000 and a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Discretionary fiscal policy a. may reassure investors and consumers that the federal government will be able to avert a major economic downturn. b. is not very effective in influencing real gdp during normal times because of time lags. c.
Answers (1)
A company declares a 40% stock dividend when there were 4 million common shares outstanding with a $1 par value. The current market price is $20 per common share. Which of the following will be the effect of the stock dividend? A.
Answers (1)
According to the five-step model of marketing processes the first step in marketing is
Answers (1)
Many underdeveloped economies have a large number of squatters-people who occupy a plot of land without any deed existing to give anyone formal ownership. therefore, they use the land and its resources, but they do not officially own the land.
Answers (1)
Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800, and investment of $3,000. GDP equals A. $24,450 B.
Answers (1)
New Questions in Business
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts.
Answers (1)
A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the payback period for the new machine? a. 4 years. b. 6 years. c.
Answers (1)
A company purchased a delivery van for $15,500 with a salvage value of $2,300 on September 1, Year 1. It has an estimated useful life of 4 years.
Answers (1)
Money has a time value because
Answers (1)
Differentiate between needs and wants?
Answers (1)