N june 30, 2018, the esquire company sold some merchandise to a customer for $45,000 and agreed to accept as payment a noninterest-bearing note with an 8% discount rate requiring the payment of $45,000 on march 31, 2019. the 8% rate is appropriate in this situation. esquire views the financing component of this contract as significant. required: 1. prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the december 31, 2018 interest accrual, and the march 31, 2019 collection. 2. what is the effective interest rate on the note?
Answers: 2
Business, 22.06.2019 19:40
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
Answers: 3
Business, 23.06.2019 00:30
Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a
Answers: 3
Business, 23.06.2019 03:30
What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?
Answers: 2
Business, 23.06.2019 05:50
Ineed the answer today! explain how inflation can be built into the system
Answers: 1
N june 30, 2018, the esquire company sold some merchandise to a customer for $45,000 and agreed to a...
Mathematics, 16.10.2019 01:50
Mathematics, 16.10.2019 01:50
Health, 16.10.2019 01:50
History, 16.10.2019 01:50
Mathematics, 16.10.2019 01:50
English, 16.10.2019 01:50
Chemistry, 16.10.2019 01:50
Social Studies, 16.10.2019 01:50
Mathematics, 16.10.2019 01:50
Mathematics, 16.10.2019 01:50
History, 16.10.2019 01:50