Business, 02.03.2020 20:42 jdto8

On September 1, 20X3, Brak Co. borrowed on a $1,350,000 note payable from the Federal Bank. The note bears interest at 12% and is payable in three equal annual principal payments of $450,000. On this date, the bank's prime rate was 11%. The first annual payment for interest and principal was made on September 1, 20X4. At December 31, 20X4, what amount should Brak report as accrued interest payable? Group of answer choices

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:40

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Answers: 3

Answer

Business, 22.06.2019 12:30

Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?

Answers: 1

Answer

Business, 22.06.2019 14:50

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)

Answers: 2

Answer

Business, 22.06.2019 19:00

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.

Answers: 2

Answer

You know the right answer?

On September 1, 20X3, Brak Co. borrowed on a $1,350,000 note payable from the Federal Bank. The note...

Questions

Business, 17.03.2021 23:50

Please can see answer this fast. Briefly explain how the market mechanism relieves excess demand....