1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
spin [16.1K]
3 years ago
14

N Corp. entered into a nine-year finance lease on a warehouse on December 31, 2018. Lease payments of $31,000, which includes ma

intenance services of $1,900, are due annually, beginning on December 31, 2019, and every December 31 thereafter. N Corp. does not know the interest rate implicit in the lease; N's incremental borrowing rate is 13%. The rounded present value of an ordinary annuity for nine years at 13% is 5. What amount should N report as recorded lease liability at December 31, 2018?
Business
1 answer:
lord [1]3 years ago
6 0

Answer:

$145,500

Explanation:

Lease payments on warehouse: $31,000

Maintenance Services: $1,900

Rounded present value of an ordinary annuity for nine years at 13%: 5.

The capitalized lease liability starting at 12/31/2018 (and for nine years at 13%) = ($31,000 - $1,900) x 5

= $ 29,100 x 5 = $145,500

N Corp should report $145,500 as recorded lease liability at December 31, 2018

You might be interested in
The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Monica [59]

Answer:

C. Sell a straddle

Explanation:

Considering the following calculation: Sell a straddle = sell a put + sell a call

and,

Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.

a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date

By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)

Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)

Thus the total premium income of selling a straddle is $7

7 0
2 years ago
Goodwill represents the excess of the implied value of an acquired company over the
Paul [167]

Answer: Option A

                                           

Explanation: In simple words, goodwill refers to the additional value that an organisation have from its identifiable assets due to its operations over a period of time.

In other words, it can be defined as an intangible asset which an organisation creates over a period of time while establishing the brand image. These assets are not depreciated but are tested for impairment every year. For example brands like apple, Reebok and McDonald have high goodwill in the market which attracts customers towards them

Thus, from the above we can conclude that the correct option is A.

6 0
2 years ago
Which of the following best
snow_tiger [21]

Answer:

Umm c

Explanation:

7 0
2 years ago
What is one difference between a vocational school and on-the-job training?
Gemiola [76]
Vocational classes provide job focus training for specific roles or careers
8 0
2 years ago
Read 2 more answers
Samuel assists his clients in investing in the stock market. He not only acts as an agent by buying and selling corporate stocks
givi [52]

Answer:

Samuel plays the role of a securities broker.

Explanation:

A securities broker has the function of being the link between the investor and the global financial markets. The broker helps guide the client to make the best investment decisions in the market.

In addition to advising its clients, the securities broker is responsible for buying and selling the shares of its client. To be a securities broker, you must have higher studies in administration, economics, or finance, also have completed the preparation to work as a broker.

<em>I hope this information can help you.</em>

8 0
3 years ago
Other questions:
  • A study sponsored by the american medical association suggests that the absolute value of the own price elasticity for surgical
    8·1 answer
  • What is culture?????????
    12·1 answer
  • Where should a declared but unpaid cash dividend be reported on the balance sheet?
    7·1 answer
  • Yoga Center Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's N
    13·1 answer
  • Revenue is traditionally recognized in the accounting records when
    7·1 answer
  • You are working with your project team to schedule activities for your construction project. You have the carpet installation ac
    15·1 answer
  • Which function of money describes its ability to help people compare what
    11·1 answer
  • If the efficient market hypothesis is correct, then a. index funds should typically beat managed funds, and usually do. b. index
    14·1 answer
  • An employee compiled sales data for a company once each month. The scatter plot below shows the sales (in multiples of $1000) fo
    9·1 answer
  • Sales is one occupation where _________ is not determined by wage or salary limits set by an employer
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!