Answer: the fair value of the asset should be greater than or equal to 90%
The fair value of a leasee's asset is an important criterion in the decision making of whether to approve a finance lease. Leasee's term of payment should also be greater than 75% of the economic life of the property being leased.
<span>1. the land squatters occupy is not protected against seizure by someone else.
2. squatters cannot mortgage, or borrow against, the land.
3.</span><span>Squatters cannot legally sell the land they occupy.</span>
Answer:
A gain of $2, 500 will be reported on the income statement.
Explanation:
When a bond is issued at par it means that there are no discounts or bond premium. Rather the bonds that are issued at par will be sold at face value.
This means that the bond's contract and market rates are equal.
Therefore in this scenario one fifth of the bond was sold at $97,500.
Value of the bond is $500,000, so the market value of portion of bond sold is:
(1/5)* 500,000= $100,000
However the amount payable is $97,500
Profit made= Market price - Amount payable
Profit made = 100,000 - 97,500= $2,500 gain
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1. When Tonya chose the chicken sandwich, her opportunity cost was the burger.
2. When Jimmy chose the licorice, his opportunity cost was the jelly beans. (It's the jelly beans since the nut clusters are not included in the next alternative because of his allergies to it.)
3. When Mary chose the jacket, her opportunity cost was either the dress or the shoe, whichever was her next best alternative. (The statement does not give enough information to identify her opportunity cost. It could not be both since an opportunity cost is the next <em>best</em> alternative and not <em>all</em> alternatives.)
4. When Joe chose the Ford truck, his opportunity cost was the Chevrolet.
5. When the city council chose to build the music stage, their opportunity cost was the wading pool. (The parking lot which people would have wanted is not considered because we are talking about the City Council's opportunity cost.)
