On december 31, 2018, burton, inc. leased machinery with a fair value of $1,575,000 from cey rentals co. the agreement is a six-year noncancelable lease requiring annual payments of $300,000 beginning december 31, 2018. the lease is appropriately accounted for by burton as a finance lease. burton's incremental borrowing rate is 11%. burton knows the interest rate implicit in the lease payments is 10%. the present value of an annuity due of 1 for 6 years at 10% is 4.7908. the present value of an annuity due of 1 for 6 years at 11% is 4.6959. in its december 31, 2018 balance sheet, burton should report a lease liability of
a) $1,437,240.
b) $1,408,770.
c) $1,137,240.
d) $1,275,000.

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.

What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?

The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated.b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.d. both a and c