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JT H H H Invested Assets Stock Portfolio Mutual Fund Portfolio Installment Receivable 401(k) Account - John 940,000 2,907 ,682 This question was...

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How do you figure out installment receivable? Client sold business for 10 million on a 10 year note at 4.5% interest payments due quarterly. Buyer paid 20% down.

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Invested Assets
JT Stool: Portfolio $ Edflflflfl
H Mutual Fund Portfolio 2,Qfl?.632
H Installment Receivable -
H 401(k) Aooo unt - John 1,o54.5¢o - n.— rung-

Top Answer

solution cost =10,000,000 down payment = 20% =20% * 10,000,000 =$2,000,000 balance =... View the full answer

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