hfrench1651 hfrench1651

02-11-2022
Business

Answered

millco borrowed $400,000 on 1/1/20x1 to be repaid in four annual $100,000 payments beginning on 1/1/20x2 (and each january 1 to follow until repaid). in addition to the $100,000, each payment will also include accrued interest at 8%/year. on the 12/31/20x1 balance sheet, what is the total dollar amount of current liabilities associated with this borrowing?

Answer :

Other Questions

a five-year, $100,000, 4% note payable was issued on december 31, 20x4. the note requires principal payments of $20,000 plus interest due each year beginning de

George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit car

Ginger is a salesclerk at a large clothing store. Each day she helps customers buy clothes. She enters each sale on the computer and takes the payments. What ar

sandra purchased a limited partnership interest in year 1. she had nondeductible passive losses of $30,000 in year 1 and $20,000 in year 2 from the partnership.

the uop or uos method uses a fixed total amount of units of service that is an overall total for the life of the equipment. then each year's actual units of ser

PLEASE HELP FAST After you watch the videos, we’re going back to the BLS! See if you can find each of the interviewee’s careers in the Bureau of Labor Statisti

if we set the real effective exchange rate index between canada and the united states equal to 100 in 1998, and find that the u.s. dollar has declined to a valu

A manufacturer of mp3 players is preparing to set the price on a new model. demand is thought to depend on the price and is represented by the model d = 2,500

PLEASE HELP QUICK!!! Which of the following is an advantage of buying your home over renting? (1 point) O You do not have to worry about the housing market in y

kyoko owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too