Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. carla vista co. receives a $60,000, 5-year note be

Carla Vista Co. receives a $60,000, 5-year note bearing interest of 11% (paid annually) from...

60.1K

Verified Solution

Question

Accounting

Carla Vista Co. receives a $60,000, 5-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 12%. 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.)

Present value of note received

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

archive some folders using different settings O pst O ost

Medical Sciences
1.2K views

what are the effect of anxiety disorders on human body?

Psychology
1.2K views

Explain and defend your views on the following: Is there anything wrong in offering unauthorized immigrants...

Advance Math
1.2K views

Vectors p1 = [10 2] and p2 = [2 15] are represented in o1x1y1 coordinate frame....

Biology
1.2K views

Which of the following statements best describes how a reducing agent is chemically altered in...

Physics
1.2K views

1 A satellite of mass 1500 kg is revolving around earth The radius of earth...

Statistics
1.2K views

Solve the inequality and write your answer in interval notatio 12x 15 24 5x

Calculus
1.2K views

Find y if y e 1 z

Accounting
1.2K views

SwIrty Lorporation compea the rolowing financial information as of December 31,...

Accounting
1.2K views

Culminating Task - LIGHTS, CAMERA, ACTIONI Sam Powell is a Grade 11 high school student...

Accounting
1.2K views

December 30: Check # 6009 was issued to pay a cash dividend of $.45 per...

Finance
1.2K views

1) Business Concepts: Explain the business concepts of SWOT Analysis, balanced scorecards, and key performance...