Business, 04.12.2019 07:31 brianna8739
E21-6 (l04) excel (lessor entries; sales-type lease) crosley company, a machinery dealer, leased a machine to dexter corporation on january 1, 2017. the lease is for an 8-year period and requires equal annual payments of $35,013 at the beginning of each year. the first payment is received on january 1, 2017. crosley had purchased the machine during 2016 for $160,000. collectibility of lease payments is reasonably predictable, and no important uncertainties surround the amount of costs yet to be incurred by crosley. crosley set the annual rental to ensure an 11% rate of return. the machine has an economic life of 10 years with no residual value and reverts to crosley at the termination of the lease.
Answers: 2
Business, 22.06.2019 13:30
Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.
Answers: 2
Business, 22.06.2019 14:20
Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?
Answers: 1
Business, 22.06.2019 16:40
Based on what you learned about time management which of these statements are true
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Business, 23.06.2019 06:00
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
Answers: 1
E21-6 (l04) excel (lessor entries; sales-type lease) crosley company, a machinery dealer, leased a...
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