Albania was a closed, centrally planned state but is now a developing country with an open-market economy. in recent years, the country has suffered from a significant economic slowdown. it has infrastructure problems with an uneven electricity supply, problems with corruption, poor enforcement of contracts and property issues, which make it difficult to attract foreign investment; however, the government has made strides to improve the business climate through fiscal and legislative reforms. albania would like to continue to improve as an open-market economy. where could its leaders go to obtain assistance with financial and technical support
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Ответ:
Dr Cash 1,166,400
Cr Notes Receivable 1,000,000
Cr Interest Revenue 166,400
Explanation:
To determine the net amount of the notes receivable that will be recorded, we must determine the present value of the note:
present value = 1,166,400 / (1 + 8%)² = 1,166,400 / 1.1664 = 1,000,000