Answer:
The correct answer is $900,000
Explanation:
Arena Corp. should record the asset and the lease obligation at the lower of the fair value of the asset at the inception of the lease.
In this case, The fair value is $900,000 and its precise amount to record. Keep in mind that Executory costs aren´t included in the lease obligation.
Strategic thinking contributes to rational thinking because when you strategically think about different things you are strategizing components and it comes clear of what it is and then it becomes just common sense.
Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.
<h3>Why is this the revenue-maximizing decision?</h3>
When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.
When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.
In conclusion, option D is correct.
Find out more on demand elasticity at brainly.com/question/6791468.
Answer
False memory refers to the psychological phenomena where we remember something vividly that happened to us or other people and believe it to be real when in actuality the event did not even occur or occurred differently to how we
Explanation:
