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3 years ago

What is the definition of an entrepreneur

1 answer:

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Answer;////// An Individual who undertakes the creation, organization,and ownership of an innovative business with the potential for growth///One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit, Often a risk-taker, inclined to see opportunity when others do not.................................Good luck

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On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for

Rufina [12.5K]

Answer:

1. $3,800,001

2. Pretax amount of liability $2,842,112

Pre tax amount of right to use asset $3,325,000

3. Pre tax amount of interest expense $162,003

Pre tax amount of amortization expenses $475,000

Explanation:

1. Calculation for the Present value

Using this formula

PV of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 8 periods at 5%

Where,

Semiannual lease payment = $559,946

Total semiannual payments = 4*2 = 8

Incremental borrowing rate = 10%, 5% semiannual

Let plug in the formula

PV of minimum lease payments used to record right to use assets= $559,946 * 6.78637

PV of minimum lease payments used to record right to use assets= $3,800,001

Therefore the Present value will be $3,800,001

2. Calculation for the Pretax amount for liability and Pretax amount for right-of-use asset

Calculation for Pretax amount of liability

First step is to calculate the Pretax amount of liability on 30.06.2021

Pretax amount of liability on 30.06.2021 = ($3,800,001 - $559,946)

Pretax amount of liability on 30.06.2021= $3,240,055

Second step is to calculate the Interest expense for 31.12.2021

Interest expense for 31.12.2021 = $3,240,055 * 5%

Interest expense for 31.12.2021= $162,003

Now let calculate the Pre tax amount for liability December 31, 2021

Pre tax amount for liability December 31, 2021 = $3,240,055 + $162,003 - $559,946

Pre tax amount for liability December 31, 2021= $2,842,112

Therefore The Pre tax amount for liability December 31, 2021 will be $2,842,112

Calculation for Pre tax amount of right to use asset

First step is to calculate the Depreciation on right to use assets for 2021

Depreciation on right to use assets for 2021 = $3,800,000 / 4 * 6/12

Depreciation on right to use assets for 2021 = $475,000

Now let calculate the Pre tax amount of right to use asset to be reported for 2021

Pre tax amount of right to use asset to be reported for 2021 = $3,800,000 - $475,000

Pre tax amount of right to use asset to be reported for 2021 = $3,325,000

Therefore Pre tax amount of right to use asset to be reported for 2021 will be $3,325,000

3. Calculation for Pretax amount for interest expense Pretax amount for amortization expense

Calculation for Pretax amount for interest expense

Pre tax amount of interest expense = $3,240,054 * 5%

Pre tax amount of interest expense= $162,003

Therefore the Pre tax amount of interest expense will be $162,003

Calculation for Pre tax amount of amortization expenses

Pre tax amount of amortization expenses = $3,800,000 / 4 * 6/12

Pre tax amount of amortization expenses = $475,000

Therefore The Pre tax amount of amortization expenses will be $475,000

4 0

3 years ago

A country withholds funding from any college or university that does not accept women at the same rate as men. This action refle

nordsb [41]

The action that is reflected above shows the equity among sexes. This country believes that whatever education that its male constituents should also be received by the females. That is because women should also be given the privilege to learn.

3 0

3 years ago

Read 2 more answers

Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60

3241004551 [841]

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

<u>Thus, price after 1 year is $24.83</u>

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6 0

3 years ago

Read 2 more answers

Miranda is a network engineer. She has been hired to set up a network for a nonprofit organization with more than

sweet [91]

Answer:

hi your question lacks the options hence i will list out some factors to be considered :

The goal of the network
The training of the employees on how to use it
The budget of the organization
The maintenance

Explanation:

A network engineer is a professionally trained technology expert that his primary duty is to setup a computer network within an organization that enables the exchange of voice, data and video within the organization.

A network engineer has to consider some factors while performing his duties in other to do an excellent job for the organization and some factors to be considered are. the goal of the network which simply means that the network service required by the organization of what purpose do they want it, the training of the employees on how to use the network is also considered by the engineer the most important which is the budget of the organization and the maintenance of the network after it has been setup.

4 0

3 years ago

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

4 0

3 years ago