Answer:
Compute present value of periodic lease payments.
Annual interest rate is 5% (Semi-annual is 2.5%)
Lease period is 2 years (4 semi annual lease terms)
Present value of periodic lease payments = lease rental * PVAF (r,n)
= $59,000 * PVAF (2.5% , 4)
= $59,000 * 3.76197
= $221,956
Journal Entries are in attachment
Answer:
They become part of a contract when the agents, personnel, and officers bind the contract of the cooperation by law.
Explanation:
the law that binds the contract is called agency law or cooperate law.
The body eliminates 90% of the alcohols a person consumes through the liver!
Just in Time <span>manufacturing philosophy emphasizes quality and zero defects.
Companies who held this pilosophy usually only made their products after they receive an accurate number of orders.
By doing this, they will cut out their inventories and eliminate unnecessary expenses for their production cost. Famous company who implement this philosophy: Toyota.</span>