微信扫一扫
实时资讯全掌握
| Crown Corporation has agreed to sell some used computer equipment to Bob Parsons, one of the company's employees, for $5,000. Crown and Parsons have been discussing alternative financing arrangements for the sale. Crown has offered to accept a $1,000 down payment and to set up a note receivable for Bob Parsons that calls for a $1,000 payment at the end of this year and the next three years. Bob Parsons has agreed to the immediate down payment of $1,000 but would like the note for $4,000 to be payable in full at the end of the fourth year. Because of the increased risk associated with the terms of this note, Crown Corporation would apply an 8% discount rate. The present value of this note would be A. $2,577 B. $2,940 C. $3,940 D. $3,312 |