Answer:
the lease asset is $723,943
Explanation:
The computation of the lease asset is shown below;
= (Lease payment - per year maintenance charges) × present value of an annuity due of 1 for six years at 8%
= ($170,000 - $25,000) × 4.99271
= $145,000 × 4.99271
= $723,943
hence, the lease asset is $723,943
The same would be considered
Answer:
The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position. ... The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position.
Answer:
c. $4,025,200
Explanation:
The computation of the total cash receipts from sales and collections in April month is shown below:
= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage
= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%
= $1,200,000 + $1,120,000 + $1,705,200
= $4,025,200
Since cash sales are 30% , so the credit sales would be 70%
