Answer:
Dr. Lease asset office equipment $15,499
Cr. Lease Liability $15,499
Explanation:
A capital lease is a lease between two parties in which a party transfer leases asset to in exchange of lease payments.
To make a lease finance lease following criteria must be fulfilled.
- The asset will be transferred to lessee at the end of lease period
- Agreement must contain bargain purchase option
- Lease period must be 75% or more of useful life of asset
- Value of lease must be equal or more than the market value of asset
Answer:
Industrial spy; tool.
Explanation:
An industrial spy refers to an individual who is saddled with the responsibility of covert and an illegal theft of data (informations) such as business trade secrets and other sensitive data, for use by its principal in order to give them a competitive advantage in the industry. Thus, the activities or actions performed by an industrial spy is generally considered to be unethical and may be punishable with an appropriate legal instrument.
In this scenario, Boris works for Nefarious Corp and his job is to steal genetic engineering trade secrets from the Gentle Lamb Company. Boris does this by dating employees of Gentle Lamb Company and stealing their access information (e.g., logon and password).
Hence, Boris is an industrial spy who uses the computer system as a tool.
A tool refers to the device that is being used by a spy to gain an unauthorized access to other people's data (informations).
Answer:
The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells skills as the primary product.
Answer:
$363,375.20
Explanation:
initial outlay = X
useful life = 4 years
salvage value = 0.1X
NCF years 1 - 4 = $120,000
discount rate = 15%
NPV = 0
X = $120,000/1.15 + $120,000/1.15² + $120,000/1.15³ + ($120,000 + 0.1X)/1.15⁴ =
X = $104,347.83 + $90,737.24 + $78,901.95 + $68,610.39 + 0.05718X
X = $342,597.41 + 0.05718X
0.94282X = $342,597.41
X = $342,597.41 / 0.94282 = $363,375.20
