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k0ka [10]
3 years ago
15

Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the m

inimum lease payments at lease inception was $1,000,000. The executory costs to be paid by Bolton were $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the lease liability at the lease's inception?
Business
1 answer:
nadya68 [22]3 years ago
8 0

Answer:

$1,000,000

Explanation:

The Amount to be reported as  lease liability must <em>depict </em>the present value of future cash outflows required to be paid as the entity enjoys its <em>right to use the asset</em>.

Thus, the present value of the minimum lease payments at lease inception was $1,000,000 represents the amount of lease liability.

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Effective lessons planning helps early childhood teachers
julia-pushkina [17]

Answer

An effective lesson planning helps early childhood teachers in the following;

• It ensures there is alignment across grades

• Prevents teaching from cover to cover

• It enables teachers to know “how to teach”

• Lesson plan improves the confidence of a teacher which teaching

• Effective lesson plan can be used by other instructors to teach

Explanation

There are many benefits of having a well organized and a clear lesson plan for a set of lessons. A good plan will allow for efficiency in learning and teaching. A teacher is therefore advised to adapt the plans in order to respond to questions raised by students in class and serve the needs of the students. It is better to thoroughly prepare but in class teachers should teach the students not the plan.


6 0
4 years ago
Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed expenses total $225,000 per y
exis [7]

Answer:

d)= 6,500

Explanation:

The break-even point (BEP) is the units of  the product that Ferkil Corporation must sell for it to make no profit or loss.

This units can be determined as follows:

BEP = Total fixed cost + target profit/ selling price - variable cost

So we substitute the variables given into the formula

5000 = 225,000 /(100-X)

5000×(100-X) =225,000

500,000 -5000x = 225,000

(500,000 -225,000)/5000 = x

X= 55

variable cost per unit = $55

Units to sell to achieve a profit 67,500

= (225,000  + 67,500)/(100-55)

= 6,500

6 0
3 years ago
Am 16 years old and I love little kids. I like to organize special events—like birthday parties for children. I have decided tha
inessss [21]

The type of business organization recommended in this case is the sole proprietorship, which is a business managed by a single person, with greater facilities to start up.

<h3 /><h3>Sole Proprietorship characteristics</h3>

It is owned and managed by only one person, with no legal distinction between the company and the owner, that is, it is an unincorporated company, whose owner is responsible for paying personal income taxes on the company's profits.

Therefore, the advantages of a sole proprietorship are the reduction of bureaucracy and interest rates, giving the owner greater possibility of creating and maintaining the business.

Find out more about Sole Proprietorship here:

brainly.com/question/4442710

6 0
2 years ago
The _____ tax rate is the percentage of additional earnings that goes to taxes.
blagie [28]
The MARGINAL tax rate is the percentage of additional earnings that goes to taxes.

Marginal tax rate stands for the amount of tax paid on any additional income. It is based on progressive tax system that increases with the increase of an individual's income. Thus, it varis with the income of an individual.
7 0
3 years ago
What components does a business exclude from<br> Operating surplus
raketka [301]

A business excludes money paid as salaries or wages to employees from operating surplus.

5 0
3 years ago
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