Business: On july 1, 2018, markwell company acquired equipment. markwell paid $160,000 in cash on july 1, 2018, and signed a $640,000 noninterest-bearing note for the remaining balance which is due on july 1, 2019. an interest rate of 5% reflects the time value of money for this type of loan agreement. for what amount will markwell record the purchase of equipment?

On july 1, 2018, markwell company acquired equipment.

elenagarcia123

10.01.2022

$769,523

Explanation:

Please see attachment .

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msprincessswag6553

14.12.2021

-5/6

Explanation:

Fist find the common denominators of the two

$- \frac{16}{6} + \frac{21}{6}$

Then you that minus sign in front of the fraction that means its negative

although theres an addition sign where subtracting fractions.

given it's in this order the fraction will be negative

$- \frac{16}{6} + \frac{21}{6} = - \frac{5}{6}$

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