How much cash did the company receive, Accounting Basics

+44 141 628 6080
[email protected]

How much cash did the company receive

A company must repay the bank $42,000 cash in five years for a loan. The loan agreement specifies 7% interest compounded annually. The present value factor for five years at 7% is 0.7130. How much cash did the company receive from the bank on the day they borrowed this money?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much cash did the company receive

Reference No:- TGS0700286

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Determine the new spacing between bright fringes

A Young's double-slit interference experiment gives bright fringes separated by 30.5 cm on a screen when the experiment is performed in air.

Q : Slope-intercept form based question

Write an equation in slope-intercept form for the line that satisfies the given conditions. x-intercept is -6, y-intercept is 2. What is the x-intercept and how would I put this into slope-intercept form?

Q : How much does the depreciation deduction reduce

When computing the net present value of the project, what are the annual after-tax cash receipts? A. $39,000 B. $13,650 C. $54,600 D. $23,400.

Q : Transversal which forms corresponding angles

If two lines have a transversal which forms corresponding angles that are congruent, then the two lines are parallel.

Q : How much cash did the company receive

A company must repay the bank $42,000 cash in five years for a loan. The loan agreement specifies 7% interest compounded annually. The present value factor for five years at 7% is 0.7130.

Q : Prepare a statement of retained earnings

The 2012 annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $230,000 in 2012. It also declared and paid dividends on common stock in the amount of $1.70 per share.

Q : Record the total factory payroll

Time tickets for factory employees during the month of August are summarized as follows. Prepare a journal entry to record the total factory payroll, the indirect payroll and the direct payroll. You may exclude explanations

Q : Number of subsets of set

Without writing them all out, what is the number of subsets of set A = {tongue, ear, mouth, eye, nose, cheek, forehead, neck, shoulder}?

Q : Calculate the net cash

A company's income statement showed the following: net income, $130,300; depreciation expense, $31,500, and gain on sale of plant assets, $14,750.

1959220

Questions
Asked

3,689

Active Tutors

1432474

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much cash did the company receive

Reference No:- TGS0700286

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the new spacing between bright fringes

Q : Slope-intercept form based question

Q : How much does the depreciation deduction reduce

Q : Transversal which forms corresponding angles

Q : How much cash did the company receive

Q : Prepare a statement of retained earnings

Q : Record the total factory payroll

Q : Number of subsets of set

Q : Calculate the net cash

Nurse planning care for a client experiencing agnosia

Discuss criteria for establishing the dri

What the recommended daily intake of sodium for most people

Which is not beneficial to improving sleep

Nurse is planning care for client who has dementia

Which electronic medical record triaged as emergent care

What if client diagnosed with a closed head injury

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much cash did the company receive

Reference No:- TGS0700286

Recent Questions Asked Accounting Basics

Q : Determine the new spacing between bright fringes

Q : Slope-intercept form based question

Q : How much does the depreciation deduction reduce

Q : Transversal which forms corresponding angles

Q : How much cash did the company receive

Q : Prepare a statement of retained earnings

Q : Record the total factory payroll

Q : Number of subsets of set

Q : Calculate the net cash

Asked Questions