Dubois inc. has completed the purchase of new dell computers. the fair value of the equipment is $824,150. the purchase agreement specifies an immediate down payment of $200,000 and semiannual payments of $76,952 beginning at the end of 6 months for 5 years. what is the interest rate, to the nearest percent, used in discounting this purchase transaction?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Dubois inc. has completed the purchase of new dell computers. the fair value of the equipment is $824,150. the purchase agreement specifies ...” 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
Which result occurs when federal government expenditures are greater than the federal government's total receipts?
Answers (1)
Benchmarking is a process
Answers (1)
What is the smallest word in the world?
Answers (1)
Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200, what are their total liabilities? a. $115,000 b. $140,000 c. $142,200 d. $165,000 e. $167,200
Answers (1)
On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest is payable annually on December 31. Borge uses the effective-interest method of amortizing bond discount.
Answers (2)
New Questions in Business
One of the advantages of a c corporation is ease of formation true or false
Answers (1)
Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.
Answers (1)
A major retailer used shoppers to observe and record sales clerks' assistance, courtesy, and efficiency. This is an example o what type of observational research
Answers (1)
Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining 20%.
Answers (1)
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system.
Answers (1)