On December 31, 2020, Reagan Inc. signed a lease with Silver Leasing Co. for some equipment having a seven-year useful life. The lease payments are made by Reagan annually, beginning at signing date. Title does not transfer to the lessee, so the equipment will be returned to the lessor on December 31, 2026. There is no purchase option, and Reagan guarantees a residual value to the lessor on termination of the lease. Reagan's lease amortization schedule appears below: Dec. 31 Payments Interest Decrease in Balance Outstanding Balance 2020 $ 519,115 2020 $ 90,000 $ 90,000 429,115 2021 $ 90,000 $ 17,165 72,835 356,280 2022 $ 90,000 14,251 75,749 280,531 2023 $ 90,000 11,221 78,779 201,752 2024 $ 90,000 8,070 81,930 119,822 2025 $ 90,000 4,793 85,207 34,615 2026 $ 36,000 1,385 34,615 0 At what amount would Reagan record the right-of-use asset at the beginning of the agreement? Multiple Choice $540,000. $519,115. $429,115. $576,000.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

answer; i believe the correct answer is (75 years);