On january 1, 2005, day corp. entered into a 10-year lease agreement with ward, inc. for industrial equipment. annual lease payments of $10,000 are payable at the end of each year. day knows that the lessor expects a 10% return on the lease. day has a 12% incremental borrowing rate. the equipment is expected to have an estimated useful life of 10 years. in addition, a third party has guaranteed to pay ward a residual value of $5,000 at the end of the lease. the present value of an ordinary annuity of $1 at12% for 10 years is 5.6502 10% for 10 years is 6.1446the present value of $1 at12% for 10 years is .3220 10% for 10 years is .3855in day's october 31, 2005 balance sheet, the principal amount of the lease obligation wasa. $63,374.b. $61,446.c. $58,112.d. $56,502.
Answers: 1
Business, 22.06.2019 06:40
After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
Answers: 1
Business, 22.06.2019 07:10
Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?
Answers: 1
Business, 22.06.2019 22:50
Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.
Answers: 2
Business, 23.06.2019 09:30
Which part in a cover letter do you write down skills and experience
Answers: 1
On january 1, 2005, day corp. entered into a 10-year lease agreement with ward, inc. for industrial...
Social Studies, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
Social Studies, 18.03.2021 01:50
Physics, 18.03.2021 01:50
English, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
Arts, 18.03.2021 01:50
English, 18.03.2021 01:50
Mathematics, 18.03.2021 01:50
English, 18.03.2021 01:50