If the present value interest factor for two years at 10% is .82645,what will be the new note receivable balance (rounded) for Mutual Bank?
A) $89,256
B) $105,786
C) $108,000
D) $128,000
Correct Answer:
Verified
Q131: For sale of receivables with recourse,what is,if
Q132: A restructured loan can differ from the
Q133: For the month of December 2014
Q134: Packwood,Inc.sells $250,000 of its accounts receivable to
Q135: On February 1,2014,Singer,Inc.received a $100,000,nine-month,10% interest-bearing note
Q137: On December 31,2014,Benton Company sold equipment to
Q138: The following information relates to Kay
Q139: Island Corporation owes Mutual Bank a 10%
Q140: Perez Company sold equipment to Gomez,receiving in
Q141: For sale of receivables without recourse,what is,if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents