Assume that ibm leased equipment that was carried at a cost of $195,000 to sharon swander company. the term of the lease is 7 years beginning january 1, 2017, with equal rental payments of $33,816 at the beginning of each year. all executory costs are paid by swander directly to third parties. the fair value of the equipment at the inception of the lease is $195,000. the equipment has a useful life of 7 years with no salvage value. the lease has an implicit interest rate of 7%, no bargain-purchase option, and no transfer of title. collectibility is reasonably assured with no additional cost to be incurred by ibm. assume the direct-financing lease was recorded at a present value of $195,000. prepare ibm’s december 31, 2017, entry to record interest.

2standard deviation a particular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?