Notes Receivable. * Do not round any answer until your final answer.

Notes Receivable. Use the following present value tables to help answer the following questions.  

*Do not round any answer until your final answer. Round your final answer to the nearest whole dollar. When entering your final answer, do not use commas or $ sign. (Sorry…Blackboard is very sensitive and will mark your answer incorrect due to rounding and punctuation.)

PV of $1Periods35910 4%. 6%. 8%. 9%. Value of an Ordinary Annuity

      4%2.774.457.438.11 6%2.674.216.807.36 8%2.573.996.256.71 9%2.533.895.996.41

Part I.  On April 1, 2018, ABC Company rendered services to Jones Company in exchange for a three year, $400,000, 8% note. Payments of P&I (Principal & Interest) are due each April 1st, with the first payment due immediately. December 31st is the fiscal year end for ABC. Jones’ normal cost to borrow is 8%.

Required: Use the above information to answer the next (4) questions:

1. Determine the dollar amount of the cash payment of P&I to be remitted each April 1st:$[Question_1]

2. Determine the Service Revenue ABC can recognize on April 1, 2018.


3. Determine the Total Interest Revenue that ABC will recognize on this note for the year ended December 31, 2019.$_____________________________________

4. Prepare partial Balance Sheet for this Note Receivable as of December 31, 2018:Current Assets:

Interest Receivable $_____________________

Note Receivable   $_____________________

Long-Term Investments:

Note Receivable   $_____________________

1.Determine the dollar amount of the cash payment of P&I to be remitted each April 1st: $_______________


“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

The post Notes Receivable. * Do not round any answer until your final answer. appeared first on nursing assignment tutor.

Notes Receivable. * Do not round any answer until your final answer. was first posted on October 12, 2020 at 6:27 am.
©2019 "Essay Lords | Bringing Excellence to students world wide". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic Guarantees
  • Free title page and bibliography
  • Free unlimited revisions
  • Plagiarism-free papers
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Progressive delivery
  • Plagiarism report
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double or single line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Writing quality papers is a TOP priority. One expert takes one order at a time.
The service package includes topic brainstorm, research, drafting, proofreading, plagiarism check, citation formatting, and revisions.

Money-back guarantee

We appreciate how valuable your time is. Hence, we make sure all custom papers are 100% original and delivered within the agreed time frame

Read more

Zero-plagiarism guarantee

Each paper is written from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

We see it as our duty to follow all instruction the client provides. If you feel the completed paper does not meet your exact requirements, we will revise the paper if you let us know about the problem within 14 business days from the date of delivery.

Read more

Privacy policy

Your email is safe, we use your personal data for legal purposes only and in accordance with personal data protection law. Your payment details are also secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

You can easily contact us with any question or issues you need to be addressed. Also, you have the opportunity to communicate directly with assigned writer, e-mail us, submit revision requests, chat with us online, or call our toll-free on our site. We are always available to our customers.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages