The purchase agreement stipulated

Assignment Help Financial Accounting

Reference no: EM131259849

A corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that A should pay $18,790 at the time of purchase and $5,200 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2017, at what amount, assuming an appropriate interest rate of 12%?

Reference no: EM131259849

Questions Cloud

Prepare copies of handout to distribute to your classmates : Prepare copies of your handout to distribute to your classmates in class. You will also turn in a copy of your handout, along with a copy of your source(s)/article(s). Make sure you include an appropriate citation that credits the material include..

What amount will the company receive at time lease expires : M Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,850 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at..

Summarize the difference between law and ethics : He directs you to prepare a short memo summarizing the difference between law and ethics, addressing the above concerns and giving him advice as to what course of action the company should pursue in this case, and why.

Required initial investment at the beginning of first year : B Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%?

The purchase agreement stipulated : A corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that A should pay $18,790 at the time of purchase and $5,200 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2017..

Would be most effective in preventing juvenile delinquency : Based upon the theory or theories (maximum of 2) you have selected, write about the appropriate program(s) that would be most effective in preventing juvenile delinquency. You must name a SPECIFIC program. You cannot just say "effective interventi..

Illustrate the messages view of the audience and stakeholder : Illustrate the message's view of the audience and stakeholders based on the written profile. Give two recommendations that would improve the message, based on audience analysis.

Percent of many organization energy usage : Can a green energy eventually make up 100 percent of many organization's energy usage? what obstacles or challenges do you think will need to be surmounted for this transformation to green energy to occur?

How much safety stock should be carried : Authentic Thai rattan chairs (shown in the photo) are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. - how much safety stock should be carried?

User Account

All Pages