Carla Vista Co. receives a $60,400, 6-year note bearing interest of 7% (paid annually) from a customer at a time when the discount rate is 6%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Carla Vista? (Round answer to 2 decimal places, e.g. 25.25.)

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A:

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A: A journal entry is a type of accounting entry that is used to record commercial transactions in a…

Q: At what amount should be the note receivable from UUU Company be reported at year-end?

A:

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Q: On March 20, the Agricultural Bank deducted engineer Valdez a rate of 18% annual simple in a…

A: Simple Interest: The simple interest on a particular amount is calculated as the product of interest…

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A: Formula: Finance charge amount = Receivable amount x % of charge

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A: Step 1 The bank discount rate is based on the instrument's par value and the amount of the notes…

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A: A  note payable seems to be a documented promissory note. A borrower gets a specified quantity of…

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Q: A merchant sells a product on credit for S/ 50,000 and offers to pay it to a client in three bills…

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Q: On January 1, 2020 Plumbus Inc. is issued a notes payable for $29,200. The note has an interest rate…

A:

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A: The question is based on the concept of Financial Management.

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