Exhibit 14-16 Harry's Inc issued a four-year, $75,000, non-interest-bearing note to a customer on January 1, 2016. Harry also agrees to sell inventory to the customer at reduced rates over a five-year period. Sales are to be evenly spread over the five-year period. Harry's incremental interest rate is 8%, and the present value of the note is $55,125. ? Refer to Exhibit 14-16. If the face value
of a note is materially different from the cash sales price of the property it was exchanged for, and the note is recorded at its present value, the correct interest rate to use is the
A) borrower's incremental rate.
B) note's stated interest rate.
C) the effective interest rate.
D) note's implied interest rate.
A
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When a note receivable is discounted, the bank charges an interest fee for the time between the date of discounting and the due date of the note
Indicate whether the statement is true or false
Which of the following is NOT a suggestion to follow when writing a marketing research report?
A) Technical jargon should be used. B) The report should be easy to follow. C) Objectivity should guide report writing. D) Reinforce key information in the text with tables, graphs, and pictures. E) Several revisions of the report may be needed before the final document emerges.
For a normal distribution, a positive value of z indicates that
A. all the observations must have had positive values. B. the area corresponding to the z is either positive or negative. C. the sample mean is smaller than the population mean. D. the sample mean is larger than the population mean.
Which of the following represents the different information formats?
A. Detail, summary, aggregate B. Individual, department, enterprise C. Executives, managers, operational employees D. Document, presentation, spreadsheet, database