Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rinoa corp bought a new desk on july 1st 2018. it

Rinoa Corp bought a new desk on July 1st 2018. It cost 10,000, and it...

50.1K

Verified Solution

Question

Accounting

Rinoa Corp bought a new desk on July 1st 2018. It cost 10,000, and it was financed purely with credit card debt (15% interest per year). What is the total cash flow related to the desk in 2018 assuming the corporate rate is 21%?

A. -10,000

B. -292.41

C. +1,507.5

D. -9,542.41

E. None of the Above

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

Programming
1.2K views

1. Explain the difference between a General Support System, Major Application, and a Minor Application and...

General Management
1.2K views

Please answer the three (3) questions regarding the case. 1. Entrepreneurial Mind-Set It is noted that entrepreneurs “think differently”...

Accounting
1.2K views

2 Ollie Mace is the controller of SDC, an automotive parts manufacturing firm. Its four major...

Geometry
1.2K views

rom what you learned about radians which circle best represents how radians are meas elect...

Calculus
1.2K views

Use the Laws of Logarithms to evaluate the expression 1094 64 3

Accounting
1.2K views

Statement of Earnings Sales revenue Cost of sales Gross margin Operating expenses and interest expense...

Accounting
1.2K views

In 20xl, Brilliant Company purchased property with natural resources for P28,000,000. The property had a...

Accounting
1.2K views

IN The Ayayai Company is planning to purchase $553.000 of equipment with an estimated seven-year...

Accounting
1.2K views

Calculate the effect on Barking Biscuits profit if the Puppy food was added. Calculate the...

Finance
1.2K views

You are attempting to value a call option with an exercise price of $100 and...

Accounting
1.2K views

Q5 Q6 At the beginning of the financial year a...

Finance
1.2K views

1. Forms of business organizations Businesses can be classified into the following forms: a proprietorship,...