On December 31, Year 1, Strickland Corp. signed a 7-year finance lease for an airplane. The airplane's fair value was $841,500, which is the present value of the lease payments to be used to account for this finance lease. Strickland then made the first annual lease payment of $153,000 on December 31, Year 1. What amount should Strickland report as finance lease liability in its December 31, Year 1 balance sheet

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Sports leave thousands of college athletes with little time for their studies. this is an example of