Compute tennisons amount realized

Assignment Help Accounting Basics
Reference no: EM131989362

Problem

Tennison Company sells a machine used in its business. Tennison receives $18,000 in cash and a promissory note for $75,000 that bears interest at the market rate. Tennison incurs $500 in selling expenses. Compute Tennison's amount realized.

Reference no: EM131989362

Questions Cloud

How is she taxed on the distribution : Sparrow Corporation is a calendar year taxpayer. At the beginning of the current year, Sparrow has accumulated E & P of $83600.
Compute contribution margin and fixed costs for current year : Compute the contribution margin and fixed costs for the current year. Compute the break-even point in units and sales in Ringgit Malaysia for the current year.
Chocolate heaven candies : Suzy's Candy Distributors has an annual demand for its boxes of "Chocolate Heaven Candies" of 250,000 units, an ordering cost of $85 per order
How many units should scary clowns produce : What is the total annual setup and holding cost for Scary Clowns using this policy?
Compute tennisons amount realized : Tennison Company sells a machine used in its business. Tennison receives $18,000 in cash and a promissory note for $75,000. Compute Tennison's amount realized.
Compute the npv and irr of the investment : Southwest Airlines is considering the purchase of a new baggage-handling machine that moves bags quicker and with less damage.
What is the process capacity in patients per hour : There are four steps to the visit: check in, record vital signs, receive treatment, and check out.
Create a statement of retained earnings for the year ended : Tentco reported the following amounts in various statements included. Create a Statement of retained earnings for the year ended December 31, 2016.
How will the trade conduct the transaction : What's his/her profit (loss)? Suppose the trader engage in one futures contract: Size: 100,000 Australian dollar) ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd