Shady Equipment sells a truck to Fred for $100,000 on January 1, 2016. Payment of $100,000 is received two years later and interest is paid at the end of two years. The truck is delivered two years later. The market rate of interest is 8%

Refer to Shady Equipment. How much sales revenue will Shady report on January 1, 2016?

A) $0.00
B) $100,000
C) $66,640
D) $50,000

Answer: A

Business

You might also like to view...

The success of Uniqlo's retail stores can be attributed to it's decision to:

A) remain in Japan. B) locate in high population density areas. C) locate in low population density areas. D) manufacture most of their products in Japan. E) become the world's number one apparel retailer.

Business

Some customers become frustrated because the office professional does not speak clearly

Indicate whether the statement is true or false.

Business