Refer to the following lease amortization schedule. the 10 payments are made annually starting with the beginning of the lease. title does not transfer to the lessee and there is no purchase option or guaranteed residual value. the asset has an expected economic life of 12 years. the lease is noncancelable. payment cashpayment effectiveinterest decreasein balance balance63,2821 10,000 10,000 53,2822 10,000 6,394 3,606 49,6763 10,000 5,961 4,039 45,6384 10,000 5,477 4,523 41,1145 10,000 4,934 5,066 36,0486 10,000 4,326 5,674 30,3737 10,000 3,645 6,355 24,0188 10,000 2,882 7,118 16,9019 10,000 ? ? ? 10 10,000 ? ? ? a) what is the effective annual interest rate? 12%.9%.11%.10%.b)what would the lessee record as annual amortization on the right-of-use asset using the straight-line method? $5,328.$6,328.$6,392.$10,000.c) what is the outstanding balance after payment 9? $5,000.$5,537.$8,929.$13,463.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?