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MakcuM [25]
3 years ago
8

Nichols Fruits leased farm equipment from King Machinery on January 1, 2021. The present value of the lease payments discounted

at 10% was $40 million. Ten annual lease payments of $6 million are due at the beginning of each year beginning January 1, 2021. King had constructed the equipment recently for $33 million. With this lease agreement, control is considered to be transferred to the lessee at the beginning of the lease. What amount of selling profit did King record at the beginning of the lease
Business
1 answer:
Yanka [14]3 years ago
5 0

Answer:

$7 million

Explanation:

Nichols Fruits

The present value of the lease payments discounted at 10% was $40 million.

King had constructed the equipment recently for $33 million.

Hence:

Interest revenue = [$40 - $33 million])

= $ 7 million

Therefore the amount of selling profit that King record at the beginning of the lease is $ 7 million

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Molodets [167]

Answer: 14.5%

Explanation:

The after tax return is calculated by the formula:

= Before tax return * (1 - federal tax) * (1 - State tax)

As we have the after tax return, we should work on the before tax:

9% = Before tax return * (1 - 34%) * (1 - 6%)

9% = Before tax return * 0.6204

Before tax return = 9% / 0.6204

= 14.5%

5 0
3 years ago
Grady works at a fast food restaurant. One day he noticed a co-worker giving free food to a friend. He was unsure about what to
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Answer:

his supervisor

Explanation:

A supervisor is a person who supervises an activity or a work. His main job is to monitor the work and see that the work is down smoothly and is completed on time. He also manages his workers to do the job effectively.  He acts like a boss to the other employees who are subordinate to the supervisor.

In the context, Grady who works at a fast food restaurant, once notice that one of his co-worker is giving some free food to his friend. So Grady who did not what to do and act in such a time, decided to follow the example of his supervisor and dealt with the situation as the supervisor would deal.

4 0
3 years ago
You work in the economic-development department of your city. The mayor asks you to conduct an analysis of a plan to increase pa
a_sh-v [17]

Answer:

positive

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In the context, the mayor of our city asks me conduct and make a plan to increase the parking fees to 2 dollar per hour. This project is a good example of the positive economics that will tell us whether this increase in the parking meter fee is a good idea or not.

3 0
2 years ago
Visit the web site for a different well-known company, and find the section that lists the company's values. what are the compan
vovangra [49]

Person can visit the website of Microsoft is the well known company to find the section that lists the company's values.

<h3>What are the core values that Microsoft has?</h3>

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6 0
2 years ago
A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
Phantasy [73]

Answer:

32

Explanation:

First bounce = 13 / 14 × 10 = 130 /14

using geometric progression where the common ratio = 13/14, the first bound = 130/14

ar^n-1 < 1

substitute the values into the equation

130 /14 × 13/14^(n-1) < 1

(13/14)^n-1 < 1÷ (130/14)

(13/14)^n-1 < 14 / 130

take log of both side

log (13 /14)^n-1 < log ( 14/130)

n-1 log (13 /14) < log  ( 14/130)

since log (13/14) negative

n-1 > (log( 14/130)) ÷ ( log (13/14)

n - 1 > 30.07

n > 30.07 + 1 > 31.07

The 32 bounce will the first less than 1 foot

3 0
3 years ago
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