Business, 27.05.2021 16:30 casrdunn1060

Ducudlically Remaining Time: 18 minutes, 10 seconds.
Question Completion Status:
Save and Submit
A Click Submit to complete this assessment.
<< < Question 4 of 4
Save Answer
Question 4
1.5 points
On January 1, 2020 Arab Company leases a machine from GMC Corp. with 8 years useful life. The lease term is six-year requires payment of $87,000 at the beginning of each year. The incremental
borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lessee. If the fair value of the machine is $520,000, and the machine will be reverting to GMC Corp at the end
of lease term.
The present value of an annuity due of 1 for six years at 10% is 4.79079.
The present value of an annuity due of 1 for six years at 8% is 4.99271.
The leased machine will be recorded in the Arab Corp. books as lessee at:
Oo oo
a. $509,256.
b. S488.661.
c. 5434,366.
d. S520,000.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 06:30

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Answers: 1

Answer

Business, 22.06.2019 10:50

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker

Answers: 1

Answer

Business, 22.06.2019 12:20

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Answers: 3

Answer

Business, 22.06.2019 20:20

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.

Answers: 2

Answer

You know the right answer?

Ducudlically Remaining Time: 18 minutes, 10 seconds.
Question Completion Status:
Save and...

Questions