Business

Cecilia Luna

2 March, 01:03

On january 1, 2017, trinity company loaned $901,560 to litton industries in exchange for a 3 year, zero-interest-bearing note with a face amount, $1,200,000. the prevailing rate of interest for a loan of this type is 10%. the adjusting journal entry made by litton at december 31, 2017 with regard to the note will include

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “On january 1, 2017, trinity company loaned $901,560 to litton industries in exchange for a 3 year, zero-interest-bearing note with a face ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Discuss the possibility that this is a consequence of economies of scale.

Which type of life insurance policy combines term insurance and investment elements? a. Whole life b. Ordinary life c. Universal life d. Adjustable life

It is Jan 1st and Great Distributing LLC has made a strategic decision on an annual contact to purchase a fixed monthly amount for the remained of the year because of a good price from its suppliers. The fixed monthly amount will be based on the EOQ.

Which of the following things could make a business idea a bad opportunity? A. Differentiation B. Low competition C. Low customer demand D. Low startup costs

A stock has a beta of 0.9 and an expected return of 9 percent. A risk-free asset currently earns 4 percent. a. What is the expected return on a portfolio that is equally invested in the two assets?

New Questions in Business

Which of the following is the best example of a perfectly competitive industry? a. wheat productionb. electricity productionc. steel productiond. airplane production

Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.

In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any part of the site and its contents. C) a pledge of Customer service if anything goes wrong with the site.

A (n) is the issuer's written promise to pay an amount equaling the par value. The par value is paid at a specified future date. Most often, the issuer is required to make semiannual interest payments.

The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.