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at the beginning of the year, petra owes $10,000 on an installment notes payable, which has an interest rate of 6%. at the end of the year, petra makes a payment of $2,000. after the payment, the carrying value of the installment notes payable will be:

Respuesta :

$8,600 Justification

$10,000 - $(2,000 - (10,000 x .06) = $8,600

What is the ratio of debt to assets?

A sign of financial leverage is the debt to total assets ratio. It tells you how much of the total assets were paid for by debt, creditors, and liabilities. A company's ability to pay its debt's interest is shown by its times interest earned ratio.

What is the debt's carrying value over time when bonds are issued at a premium?

The carrying value of a bond is greater than its face value when it is issued at a premium.The carrying value of a bond is lower than its face value when it is issued at a discount.The carrying value of a bond is the same as its face value when it is issued at par.

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