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mario62 [17]
3 years ago
5

Amdahl, Inc. leases a piece of equipment from BFF on January 1, 2018. The lease agreement calls for 5 annual payments of $33,000

to be paid by Amdahl at the beginning of the year (starting with 2018). Ownership of the equipment will transfer to Amdahl at the end of the fifth year. The explicit rate on this lease is 8%.
1. Prepare Amdhal's journal entries on January 1, 2018.
Business
1 answer:
Furkat [3]3 years ago
7 0

Answer:

See explainations below

Explanation:

There will be changes in both balance sheet and income statement:

1. Balance sheet:

At, January 1, 2018 both asset and liability will increase by the amount equal to present value of all lease payments:

Present value of all lease payments = 33,000 + 33,000/(1 + 8%) + ... + 33,000/(1 + 8%)^4 = 142,300.19

2. Profit and loss statement:

At, January 1, 2018 interest expense will increase by the amount equal to present value of all lease payments multiplied by the interest rate, or: 142,300.19 x 8% = 11,384.01

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The correct answer is D.

Explanation:

Giving the following information:

Sales=$775000

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Hard Rubber:

Sales=$65000

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Yo tell me if this is true.. i walk down the sidewalk and found a grass hooper and ate it...
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Which of the following has the biggest impact on consumer goods during war times?
amm1812
<h3><u>Full question:</u></h3>

Which of the following has the biggest impact on consumer goods during war times?

a. Consumers deferring purchases in hopes of a better deal

b. High interest rates

c. Low inflation

d. High inflation

<u>Answer:</u>

The biggest impact on consumer goods during war times was High inflation

<u>Explanation:</u>

Inflation raised during or as an immediate outcome of these struggles of stock markets endured dull subsequent termination of the war. The government demanded to execute price and wage restrictions in acknowledgment of inflation which had risen due to the extra inducement that was generated by government spending.

Distinctly, both using and financing continued building subsequent the war; nevertheless, the growth was beneath the course rate before the war.  Prices, influenced by the rate of inflation, commonly affect consumer spending on goods significantly.

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3 years ago
Last winter, your service fraternity volunteered at an elementary school in a lower income neighborhood in your city. You notice
sesenic [268]

Answer:

A) Persistent.

C) Hard-working.

D) Creative.

Explanation:

In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that,  we need to find out a cofounder that should be have following traits and characteristics

a. Persistent: The person should be trying his best o achieve it rather than escape from it

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3 years ago
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Answer: Quarterly

Explanation:

Annual interest rate = 4.00%

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To know if the bank is compounding interest daily or quarterly goes thus:

Effective Annual rate can be calculated using:

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= 4.06%

Therefore, the a bank is compounding interest Quarterly

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2 years ago
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