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LuckyWell [14K]
3 years ago
13

On March 31, 2021, Southwest Gas leased equipment from a supplier and agreed to pay $350,000 annually for 15 years beginning Mar

ch 31, 2022. Generally accepted accounting principles require that a liability be recorded for this lease agreement for the present value of scheduled payments. Accordingly, at inception of the lease, Southwest recorded a $3,187,770 lease liability. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
Determine the interest rate implicit in the lease agreement. (Do not round intermediate calculations.)

Business
1 answer:
Levart [38]3 years ago
3 0

Answer:

Answer for the question:

On March 31, 2021, Southwest Gas leased equipment from a supplier and agreed to pay $350,000 annually for 15 years beginning March 31, 2022. Generally accepted accounting principles require that a liability be recorded for this lease agreement for the present value of scheduled payments. Accordingly, at inception of the lease, Southwest recorded a $3,187,770 lease liability. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

Determine the interest rate implicit in the lease agreement. (Do not round intermediate calculations.)

Is given in the attachment.

Explanation:

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A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources
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Answer:

is not attainable for this nation

Explanation:

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The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources

Points inside the production possibilities curve means that the nations resources are not being fully utilised

Factors that cause the PPF to shift  

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8 0
2 years ago
Uplift, weathering, burial, and heating/melting can transform one rock type into another. B. All rocks in the Earth's crust will
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Answer:

b. All rocks in the Earth's crust will, at some point, be subducted and melted to create igneous rock.

Explanation:

There are 3 types of rock:

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2. Sedimentary: when many layers of  preexistent rocks produce pressure and heat by weigth  melting the rocks.

3. Metamorphic: a new rock is formed by chemical and/or physical reaction over preexistent rocks

Sedimentary and metamorphic  would be subducted in order to produce new igneus rocks.

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Answer:

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The function of management consists of a series of resources that must be observed in order to achieve organizational goals, therefore it is allowed to delegate important functions such as personnel management to a person who in turn must be accountable; For this reason, management must engage in extremely important functions such as obtaining clients, establishing sales strategies, positioning, etc., while the people in charge of each department perform their functions according to the internal regulations of the organization and the other guidelines established in order to ensure that such resources are aligned and allow the achievement of organizational goals.

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A limited partnership is owned by a small pool of investors; if there is only one owner, then it is a sole proprietorship.

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Ownership of real property is usually transferred by an instrument called a
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3 years ago
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