On November 1, 2018, A-1 Products borrowed $64,000 on a 5%, 5-year note with annual installment payments of $12,800 plus interest due on November 1 of each succeeding year. On November 1, 2020, what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.)
A) $38,400
B) $64,000
C) $51,200
D) $12,800
A) $38,400
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If a company purchases equipment costing $3300 on credit, the effect on the accounting equation would be:
A. Assets increase $3300 and liabilities increase $3300. B. Equity increases $3300 and liabilities decrease $3300. C. One asset increases $3300 and another asset decreases $3300. D. Equity decreases $3300 and liabilities increase $3300. E. Assets increase $3300 and liabilities decrease $3300.
To be legally sufficient, consideration must be evidenced by something tangible
a. True b. False Indicate whether the statement is true or false
Suppose a linear programming (maximization) problem has been solved and the optimal value of the objective function is $300. Suppose a constraint is removed from this problem
Explain how this might affect each of the following: (a) the feasible region. (b) the optimal value of the objective function.
Using the data given in Table 14-2, find the market shares for the three retailers in month 1
A) ?1. = (0.09, 0.42, 0.49) B) ?1. = (0.55, 0.33, 0.12) C) ?1. = (0.18, 0.12, 0.70) D) ?1. = (0.55, 0.12, 0.33) E) ?1. = (0.33, 0.33, 0.33)