The effective rate of interest implicit in the agreement is slightly higher than the closest factor, which is 3.2830
To determine the effective rate of interest implicit in the lease agreement, we need to calculate the present value of the lease payments and compare it to the fair value of the machine.
Calculation of Effective Rate of Interest:
PV of Lease Payments = $3.0 million × Present Value Annuity Factor for 4 periods at i% (from the PVAD of $1 table)
$9,719,160 = $3.0 million × Present Value Annuity Factor for 4 periods at i%
Present Value Annuity Factor for 4 periods at i% = $9,719,160 / $3.0 million
Present Value Annuity Factor for 4 periods at i% = 3.23972
Looking up the Present Value Annuity Factor for 4 periods in the PVAD of $1 table, we find that the closest factor is 3.2830.
Therefore, the effective rate of interest implicit in the agreement is slightly higher than the closest factor, which is 3.2830.
Lessee's Journal Entry at the Beginning of the Lease:
Leased Equipment (Asset) $9,719,160
Lease Liability $9,719,160
Lessee's Journal Entry for the First Lease Payment:
Lease Liability $3,000,000
Cash $3,000,000
Lessee's Journal Entry at the Beginning of the Lease with Incremental Borrowing Rate:
Leased Equipment (Asset) $9,719,160
Lease Liability $9,719,160
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Lawn Express bought a delivery truck on January 1st 2020. The following are the details: Truck cost: $70,000 Residual Value: $10,000 Useful Life years: 5 Estimate Useful Miles: 50,000
If Lawn Express uses the straight-line method of depreciation what is the Book Value at the end of two years on December 31, 2021? A. $40,000 B. $38.000 C. 546,000 D. $42.000
The B. $38,000, To calculate the book value at the end of two years, we need to first calculate the annual depreciation expense using the straight-line method.
Annual depreciation = (Truck cost - Residual value) / Useful life in years
Annual depreciation = ($70,000 - $10,000) / 5
Annual depreciation = $12,000
Next, we need to calculate the accumulated depreciation at the end of two years:
Annual depreciation times the number of years equals accumulated depreciation.
Accumulated depreciation = $12,000 x 2
Accumulated depreciation = $24,000
Finally, we can calculate the book value at the end of two years:
Book value = Truck cost - Accumulated depreciation - Residual value
Book value = $70,000 - $24,000 - $10,000
Book value = $36,000
1. First, determine the total amount of depreciation over the useful life of the truck. To do this, subtract the residual value from the truck cost: $70,000 - $10,000 = $60,000.
2. Next, calculate the annual depreciation expense by dividing the total depreciation by the useful life in years: $60,000 / 5 years = $12,000 per year.
3. Then, calculate the total depreciation for two years: $12,000 per year * 2 years = $24,000.
4. Finally, find the Book Value at the end of two years by subtracting the total depreciation from the truck cost: $70,000 - $24,000 = $40,000.
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Edge Company produces two models of its product with the same machine. The machine has a capacity of 142 hours per month. The following information is available.
Standard = (70 units * 1) = 70 hours
Deluxe = (140 - 70) = (70 hours / 2) = 35 units.
How to find the contribution marginRequired 1: Determine the contribution margin per machine hour for each model.
Product Contribution Margin
Standard
Deluxe
Contribution margin per unit
$50
$40
(/) Machine hours per unit
1
2
Contribution margin per machine hour
$50
$20
Step 2/3
Required 2: How many units of each model should the company produce?
Standard
Deluxe
Total
Hours dedicated to the production of each product
140
0
$140
Units produce for the most profitable sales mix
140
0
Contribution margin per unit
$50
0
Total contribution margin
$7,000
$0
$7,000
Required 3: Assume the maximum demand for the standard model is 70 units (not 600 units). How many units of each model should the company produce?
Standard
Deluxe
Total
Hours dedicated to the production of each product
70
70
140
Units produce for the most profitable sales mix
70
35
Contribution margin per unit
$50
$40
Total contribution margin
$3,500
$1,400
$4,900
Total available hours = 140 hours
Standard = (70 units * 1) = 70 hours
Deluxe = (140 - 70) = (70 hours / 2) = 35 units.
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____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
Answer:
Active.
Explanation:
Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.
Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.
4. You are about to graduate from the MBA program of a leading university. You specialized in management information systems (MIS) and will start a job with a company that commercially develops Web pages. You own a personal computer that is a couple of years old. You have decided to sell it and buy new equipment later after you see what kind of projects your employer has you working on. So you post a flyer on campus bulletin boards about the computer for sale. You have decided not to tell prospective buyers that you hand drive acts as its about to fail and that the computer occasionally crashes without warning. Is this ethical? Would you be likely to do this if you were this particular student?
Answer:
No, this is not ethical.
Explanation:
Ethics is moral principle which governs a person. A person is ethical if he considers benefit for others and his acts or thoughts does not harm anyone. In the given scenario the person is trying to sell his old computer which has many issues. These are not listed in the flyer. If the person does not want to list the issues then he must tell to specific buyer when he comes to buy the computer. He must tell all the faults and problems to the potential buyer.
A buyer signs an agreement to be represented by a broker. This agreement is an acceptable exclusive agency A) if the broker does not use the MLS. B) if the buyer pays the commission. C) if the broker gets paid by someone other than the buyer. D) in all cases.
Answer:
D) In all cases
Explanation: A broker may represent a buyer.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answer
tax detection
Explanation:
just is
Explanation:
At the time of origination, a mortgage creates a lien on the mortgaged property in states that subscribe to the:
At the time of origination, a mortgage creates a lien on the mortgaged property in states that subscribe to the lien theory.
In lien theory states, the mortgage serves as a lien on the property, giving the lender a security interest in the property until the loan is fully paid off. This means that if the borrower defaults on the loan, the lender has the right to foreclose on the property and sell it to recover the unpaid balance of the loan.
In this situation, the borrower retains legal title to the property and maintains possession, while the lender has a lien that allows them to foreclose if the borrower defaults on the loan. The lien is removed once the mortgage is fully paid, and the lender no longer has any claim on the property.
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Utilitarianism's fundamental approach is that decisions are established based on previous consequences and result from past actions
True False
The statement "Utilitarianism's fundamental approach is that decisions are established based on previous consequences and result from past actions" is False.
Utilitarianism is an ethical theory that holds that the morality of an action should be determined by its ability to promote the greatest happiness for the greatest number of people. Utilitarianism is a consequentialist theory, which means that it judges the morality of an action based on its consequences or outcomes. The utilitarian approach to decision-making is forward-looking, rather than backward-looking. It focuses on the future consequences of a decision rather than on the past consequences of previous actions. In other words, utilitarianism considers the potential outcomes of an action and selects the action that will produce the greatest overall benefit to society.
Therefore, the correct statement regarding utilitarianism's fundamental approach is that decisions are established based on future consequences and result from present actions, rather than being based on previous consequences and past actions.
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Describe the history that led DELL to the creation of
lack of innovation
DELL, the world's largest manufacturer of computers, has evolved from a small, humble start-up to a corporate giant with revenues in the billions. The company has undergone significant shifts in its history that have led to its present position in the industry. Here's a brief history of how Dell's lack of innovation led to the company's founding:
Michael Dell founded Dell in 1984 with a focus on selling PC components to customers directly. In 1985, he started selling fully assembled PCs, taking advantage of the rapidly growing demand for personal computers. Dell quickly rose to prominence due to its direct-to-customer sales model, which reduced distribution costs and allowed the company to offer lower prices than its competitors.In the late 1990s, Dell's market share grew as the company focused on low-cost manufacturing and supply chain optimization. During this period, Dell benefited from a reputation for high-quality customer service. However, as the technology industry became more competitive, Dell began to lose market share to companies such as Hewlett-Packard and Lenovo. Dell's customer service reputation deteriorated as the company struggled to keep up with the rapid pace of technological innovation. Dell was slow to adapt to new technologies, which caused the company to miss out on opportunities and fall behind its competitors.Finally, in 2013, Michael Dell announced that he would take the company private in a $24 billion deal. The decision was motivated by the need to restructure the company to be more flexible and adaptable to changes in the industry. Dell's lack of innovation was a significant factor in the company's decline, but the company has taken steps to reverse this trend. Today, Dell is once again a leader in the technology industry, with a renewed focus on innovation and customer service.
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I need long paragraph defines a problem statement and technical and non technical challenges in online auction app project
thank you
The creation of an online auction app is a complex procedure that necessitates carefully taking into account both technological and non-technical difficulties.
In today's digital age, online auction programmes are growing more and more popular, giving people and businesses the chance to buy and sell goods and services through online bidding. However, there are several technical and non-technical difficulties in creating a trustworthy and efficient online auction platform. Assuring the security and dependability of the programme itself is one of the key technological issues encountered in the development of online auction apps. To safeguard user data and thwart hacking efforts, this calls for the use of strong security mechanisms including encryption, firewalls, and secure data storage protocols.
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OJT is best for large groups.
True
False
Ethel is a widow and is approaching 75 years of age. Historically, she has deposited all of her money into her bank savings account and invested in certificates of deposit (CDs) offered by her bank. The yields from her savings accounts and on CDs have gone down significantly. Ethyl would like a higher yield from her investments than what she is currently achieving so she comes in to see you, an agent at a broker/dealer. Which of the following would be an appropriate investment strategy for Ethyl, given her history and her situation?
[A] Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and continue to invest in CDs, despite her desire for higher yields.
[B] Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investing in a few large-cap securities that the agent will pick for her.
[C] Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.
[D] Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a corporate securities income fund, comprised of small, mid, and large capitalization corporate bonds and corporate preferred stock.
Answer: C. Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth
Explanation:
Given Ethel situation and history, Ethel should maintain an appropriate savings balance to cover unforeseen circumstances.
As a result of her age and due to the fact that she possesses a limited investment experience, there may be too much risk for her if she focuses on large-cap securities
Therefore, she should should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.
A recommendation of how low the company should be willing to go
with pricing before it makes sense to exit the Austin market.
The company should consider exiting the Austin market if the pricing falls below a sustainable and profitable level.
When determining the pricing threshold at which it makes sense to exit the Austin market, the company needs to assess its profitability and sustainability. This assessment involves evaluating various factors such as production costs, competition, demand, and market dynamics.
The company should establish a pricing floor below which it cannot generate sufficient revenue to cover its costs and maintain profitability. If the pricing reaches or falls below this threshold, it may be more financially viable for the company to exit the market.
Exiting the market should be considered when the company's pricing strategy becomes unsustainable in the long run. Operating at extremely low prices can lead to financial losses, hamper the company's ability to invest in growth or innovation, and compromise the quality of products or services.
Additionally, if the market conditions in Austin are not conducive to achieving the company's objectives, such as limited demand or intense competition, it may be prudent to redirect resources to more profitable markets. By carefully analyzing the pricing dynamics and weighing the financial implications, the company can make an informed decision on whether to exit the Austin market.
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could someone explain to me what the money market in Italy is, thank you all
Explanation:
Two main markets comprise the Borsa Italiana: the Mercato Telematico Azionario (MTA), which is the segment for mid- and large-size companies; and the AIM Italia, which was established in 2009 to cater for high growth small and medium enterprises needing more flexibility around the reporting and governance requirements.
What is the main difference between a market and a command economy?
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
Leslie’s firm collected a huge amount of data. Over time, the employees felt that the applications slowed down. What should Leslie do with the data?
A.
archive rarely used data
B.
delete old data
C.
make duplicate copies of the data
D.
outsource the data
E.
look for patterns in the data
Answer:
A.
Explanation:
Data archiving is a method used to move data that is no longer in use. In this method, a business archive its old data to a separate storage device for long-term retention of the data.
Data that is no longer actively used but is important for regulatory or operational purposes such as emails, files, records, etc. can not be deleted. So, the business opts for the data archiving method.
In the given case, Leslie should also go for data archiving. There are two ways of archiving the data. One, tape archiving and cloud archiving.
Therefore, option A is correct.
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Ivan is starting his own pet store in his neighborhood. Where should he go to obtain a business license and permits?
A). County courthouse
B). Internal Revenue Service
C). Post office
D). Bank
Answer:
b
Explanation:
Answer:
Before opening up shop, all business owners need to obtain a business license from their state and perhaps even their local jurisdiction. Some states also require pet stores to obtain a specific pet shop license. The license application may ask you to list the types of animals you'll be selling and provide a detailed floor plan of the shop. Pet shop owners won't be able to operate their business until they get at least a general business license from their state if a pet shop license isn't required.
A is correct
Explanation:
Mark brainiest
alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
2. When different countries trade commodities and money with one another, we are referring to:
Answer:
We are referring to global economy
In the context of bureaucratization, which of the following statements is true of Japan?
Select one:
A. The banking system is expansionary, and there is very little room for reformation.
B. Politicians are more interested in the long-term well-being of the nation as a whole than in the well-being of their own districts.
C. Parochial actions are highly unlikely to create problems for multinational corporations trying to do business.
D. Government controls are inefficient and need to be corrected to encourage multinational corporations to do business.
In the context of bureaucratization, the statement that is true of Japan is:
B. Politicians are more interested in the long-term well-being of the nation as a whole than in the well-being of their own districts.
Japan is known for its strong bureaucracy and the influence of bureaucratic institutions on policymaking. In this context, politicians in Japan often prioritize the overall well-being and interests of the nation rather than focusing solely on the specific needs and demands of their own districts.
This characteristic can be observed in Japan's policymaking processes, where decisions are often made with a long-term perspective and consideration of the country's economic and social stability. Policymakers in Japan aim to promote national interests and maintain a harmonious balance between different regions and sectors of the economy, rather than succumbing to parochial interests.
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until 2002 the primary federal regulation of campaign finance occurred according to the
Until 2002, the primary federal regulation of campaign finance occurred according to the Federal Election Campaign Act (FECA) of 1971.
The Federal Election Campaign Act (FECA) of 1971 was a significant piece of legislation in the United States that established the primary framework for regulating campaign finance at the federal level until 2002. The act was enacted in response to concerns about the influence of money in political campaigns and aimed to increase transparency and accountability in the electoral process.
The FECA introduced several key provisions, including the requirement for disclosure of campaign contributions and expenditures, limitations on campaign contributions, and the establishment of the Federal Election Commission (FEC) to enforce and administer the law. It also provided public financing for presidential campaigns.
The FECA went through several amendments and updates over the years, including the notable amendments in 1974 and 1976. The 1974 amendments introduced further restrictions on campaign contributions, established a system of public financing for presidential candidates, and established the legal limits on campaign spending. The 1976 amendments addressed some constitutional concerns raised by the Supreme Court regarding campaign finance regulations.
However, it is important to note that in 2002, the Bipartisan Campaign Reform Act (BCRA), also known as the McCain-Feingold Act, was enacted, which significantly revised campaign finance laws and became the primary federal regulation of campaign finance after that year.
In conclusion, until 2002, the primary federal regulation of campaign finance in the United States occurred according to the Federal Election Campaign Act (FECA) of 1971. This legislation introduced key provisions for disclosure, contribution limits, and the establishment of the Federal Election Commission (FEC). However, in 2002, the Bipartisan Campaign Reform Act (BCRA) replaced the FECA as the primary federal regulation of campaign finance.
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explain the role of finance in business
Answer:
FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. ... FINANCIAL MANAGEMENT is the job of managing a firm's resources so it can meet its goals and objectives.
The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that.
The goal of the account receivable methods is to adjust the allowance for doubtful accounts balance so that the estimate of the uncollectible accounts receivable is the same as the unadjusted balance.
Utilize A/R Aging Reports to Calculate ART. Provide flexible payment options to your clients. Right away, execute a contract or draft a purchase order. When reminding customers to make payments, be prompt. Automation by A/R. It is all a component of account receivable methods. The general ledger account balances at the conclusion of a reporting period are listed in the unadjusted balance, which is done before any adjusting entries are made to the balances to produce financial statements. Analysis of account balances and the creation of adjusting entries both begin with the unadjusted balance.
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If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
The Price elasticity answers are:
The value of price elasticity of demand is equal to four if a 10% rise in price results in a 40% reduction in the amount that is desired. "Being a substantial percentage of the consumer's budget" is the reason why there is an inelasticity in the demand for a certain commodity or service. alternative D Is demand considered "inelastic" if the price elasticity of demand is equal to 0.5? The supply curve for a completely elastic economy is horizontal. The price elasticity of supply is inelastic, which means that a rise in price will result in a less significant increase in quantity.How to determine the elasticity of demand with respect to priceThe price elasticity of demand is equal to the percent change in demand divided by the percent change in price.
x= \(\frac{40 \%}{ 10 \%}\)
x=\frac{ 0.4}{ 0.1}
x= 4
A scenario is said to have inelastic demand when there is no proportionate change in the demand for products and services among customers in response to a change in the price of such goods and services.
The supply curve that is horizontally aligned with the demand curve represents a completely elastic supply curve.
In conclusion, the degree to which demand is sensitive to a change in price may be measured by looking at something called the price elasticity of demand.
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What is it called when businesses are doing poorly and stock prices drop?
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
15. You wish to deposit a sum today in an account to provide for annual fuel expenses for the next 9 years. The fuel expenses are paid at the end of each year. The expenses at the end of the first year are expected to be $5,000, and you expect that this amount will increase by 9% each year compared to the previous year. If the account pays 3.4% interest, what sum must you deposit now? (Use the formula)
To determine the amount you must deposit now to provide for annual fuel expenses for the next 9 years, you can use the formula for the present value of an annuity.
The formula for the present value of an annuity is:
PV = C * [1 - (1 + r)^(-n)] / r
Where:
PV = Present Value (the amount you need to deposit now)
C = Cash flow per period (annual fuel expenses at the end of the first year)
r = Interest rate per period (3.4% or 0.034)
n = Number of periods (9 years)
Given:
C = $5,000
r = 0.034
n = 9
Plugging in the values into the formula:
PV = $5,000 * [1 - (1 + 0.034)^(-9)] / 0.034
Evaluating this expression will give us the amount you need to deposit now to cover the fuel expenses for the next 9 years.
PV ≈ $35,966.92
Therefore, you need to deposit approximately $35,966.92 now to provide for annual fuel expenses for the next 9 years, given the specified interest rate.
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Question 45
_______ are especially useful for relationship marketing.
o Apps
o Podcasts
o Social networking sites
o Media networks
o Wikis
Answer:social networking sites
Explanation:
Martin owns a store that sells four different products. Each product has the same unit selling price and equal unit variable costs. This month, the sales mix has been calculated and each of the four products constitute 25% of sales as determined by number of units sold. Does Martin need to calculate the weighted-average unit contribution margin this month
Answer:
No, the weighted-average unit contribution margin is equal to the contribution margin for each of the products.
Explanation:
The weighted-average unit contribution margin is not impacted by the company-wide break-even point in units.
The weighted-average unit contribution margin is NOT equal to the contribution margin for each of the products.
The weighted-average unit contribution margin IS dependent on the sales mix percentage.
Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak available is to
open Advanced Filter under the Data tab.
open Microsoft Office Help.
go to the Formulas tab and click More Functions.
go to the Excel Options dialog box.
Answer:
Open Microsoft Office Help.
Go to the Formulas tab and click More Functions.
Explanation:
Select File → select Options → select Advanced → scroll to General → insert the location in the "At startup, open all files in" dialog box.
Answer:
open Microsoft Office Help
Explanation:
:)