Answer:
3. the difference between the lease payments receivable and the fair value of the leased property.
Explanation:
The lessor should remove the book value of the asset from its balance sheets and replace it with the amount that he will receive. To do this, the lease receivable in a direct-financed lease is best defined as the differences between the receivable lease payments less the book value of the asset when it was sold.
First calculate the amount financed
Amount financed=725−50=675
The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44
Total of payments=675+98.44=773.44
Monthly payment is
773.44÷24=32.23
Hope it helps!
Answer with Explanation:
The possible descriptive terms which describes the background a person may have are listed below:
- He might be happy, sad or crazy.
- Honesty values that the person have.
- Quick Learner, innovator or creative person
- He might be introvert or extrovert.
- He might be welcoming diversity.
There are number of descriptive terms that can shed light on the behaviour and background of the person.
Answer: See explanation
Explanation:
Your question isn't complete but here is it.
a. Develop a descriptive statistics that can be used to estimate the percentage of all taxpayers who file electronically.
This will be:
= 649/1052 × 100%
= 61.69%
b. The survey reported that the most frequently used method for preparing the tax return is to hire an accountant. If 60% of the people have their tax return prepared this way, how many people used an accountant?
This will be:
= 60% × 1052
= 60/100 × 1052
= 0.6 × 1052
= 631.2
= 631 people
The buyer relies upon this information and moves forward with the purchase of the home. This is an example of Innocent misrepresentation.
<h3>
What Is Innocent Misrepresentation?</h3>
Misrepresentation in general is a legal term that means “a false statement of fact that has the effect of inducing someone into a contract.” It originates from English common law, but has been adopted as a legal principle in the United States. It is a statement that is either untrue, or highly misleading (as opposed to a statement of opinion).
Innocent misrepresentation is one of the three recognized varieties of misrepresentations in contract law. Essentially, it is a misrepresentation made by someone who had reasonable grounds for believing that his false statement was true. So in the above example, if the seller didn’t know the stereo was actually old, he would only be liable for an innocent misrepresentation.
In the real world, however, it is often the case that because the other two varieties of misrepresentation (negligent and fraudulent) are much more difficult to prove, often this is the best course of action.
Learn more about Misrepresentation on:
brainly.com/question/24129512
#SPJ4
