Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on april 1, 2023, jas inc. signed a $129,000, zero

on april 1, 2023, jas inc. signed a $129,000, zero-interest-bearing, six-month promissory note. the note's...

50.1K

Verified Solution

Question

Accounting

on april 1, 2023, jas inc. signed a $129,000, zero-interest-bearing, six-month promissory note. the note's present value is $122,857 based on the bank's discount rate of 10%. the company's year-end is september 30, 2023 and the note is repayable on october 1, 2023

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow...

Finance
Q

power factor improvement methods for the energy conservation in drives

Electrical Engineering
Q

On January 1, 2018 Casey Corporation exchanged $3,282,000 cash for 100 percent of the outstanding voting...

Accounting
Q

Which of the following describes allopatric speciation A when a physical barrier is formed that...

Biology
Q

The primary function of platelets is associated with respiration sickle cell anemia mononucleosis blood clotting

Biology
Q

Two parallel plate of area A are separated by two different dielectrics as shown in...

Physics
Q

When travelling to Paris, you convert $1,400 to euros. How many euros is this?Round your...

Geometry
Q

Pedro's Plumbing uses an interest rate of 20% to...

Accounting
Q

Snug-As-A-Bug Blankets has the following inventory data: July 1 Beginning inventory 30 units at $60...

Accounting
Q

Question 14: Marginal accounting focuses on analyzing the revenue, costs, and profit associated with incremental...

Accounting
Q

Pregunta 19. Segn la NICSP 24 'Presentacin de informacin presupuestaria en los estados financieros', bajo...

Accounting
Q

You decide to invest in a portfolio consisting of 25 percent Stock X, 36 percent...

Finance