Sheffield Incorporated leases a piece of equipment to Shamrock Corporation on January 1, 2020. The lease agreement called for annual rental payments of $6,611 at the beginning of each year of the 3-year lease. The equipment has an economic useful life of 5 years, a fair value of $25,700, a book value of $20,700, and both parties expect a residual value of $8,300 at the end of the lease term, though this amount is not guaranteed. Sheffield set the lease payments with the intent of earning a 6% return, and Shamrock is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Determine the nature of the lease to both Sheffield and Shamrock.

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.