The field detergent company sold merchandise to the abel company on june 30, 2021. payment was made in the form of a noninterest-bearing note requiring abel to pay $85,000 on june 30, 2023. assume that a 10% interest rate properly reflects the time value of money in this situation. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: calculate the amount at which field should record the note receivable and corresponding sales revenue on june 30, 2021. (round your final answers to nearest whole dollar amount.)

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately: