1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pav-90 [236]
3 years ago
7

On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period.

Business
1 answer:
Delvig [45]3 years ago
8 0

Answer:

Perry's earnings will be increased by $21,000 due to this lease.

Explanation:

Increase in earning is the difference of price of the lease and the cost incurred for the lease of asset.

Fair value$155,000

Cost = $134,000

Profit on sale = $155,000 - $134,000

Profit on sale = $21,000

As equipment was leased on December 31 So, no interest is earned in year 2018. $21,000 will be added to the earnings of Perry in 2018 due to this lease.

You might be interested in
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and enter your answers
postnew [5]

Answer and Explanation:

The computation of the effective annual rate in each of the following cases are

1.

Effective annual rate = [(1+annual percentage rate ÷ period)^period]- 1

= (1 +0 .09 ÷ 4)^4 - 1

= 9.31%

2.

Effective annual rate = [(1+annual percentage rate ÷ period)^period]- 1

= (1 + 0.16  ÷  12)^12-1

= 17.23%

3.

Effective annual rate = [(1+annual percentage rate ÷ period)^period]- 1

= (1 + 0.12 ÷ 365)^365-1

= 12.75%

4 .

Effective annual rate = [(e)^Annual percentage rate]-1

e=2.71828

So,

=[(2.71828)^0.11]-1

= 11.63%

4 0
3 years ago
Jeremy recently started working at All Tech Info Services. The company spends a lot of money on ensuring that its employees are
Elanso [62]

Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

<h3>What is career development planning?</h3>

Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.

Career development planning involves stages, including:

  • Needs assessment
  • Exploration
  • Preparation
  • Implementation
  • Decision-Making.

Thus, Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

Learn more about career development planning at brainly.com/question/4606167

#SPJ112

6 0
2 years ago
In the United States, what does the general level of a family’s income have to do with the amount of cash the family is likely t
Sophie [7]

Answer:

The general level of family's income is directly proportional to the amount of cash a family is likely to hold

Explanation:

Of the three motives of money, transactional motives of money relates to holding money(whether at hand or at bank) to meet daily transaction e.g buying of fuel/gas, transport fare to work place.

If the level of income of a family increases, other things being equal, the family tends to hold more money for their daily transaction. The level of income is directly proportional to amount of cash a family holds...

For example, family A earns $100 per week and holds $30 to meet daily transaction or unforeseen circumstances. If his pay increases to$150, it is intuitive for Mr A to hold higher money, lets say $50

6 0
3 years ago
You've started using the sq3r method of learning. after surveying a reading assignment, you go to the next step, which does this
Blababa [14]
You've started using the sq3r method of learning. after surveying a reading assignment, you go to the next step, <span>Reading the headings and turning them into question.</span>
4 0
3 years ago
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/20
salantis [7]

Answer:

17 million

Explanation:

The computation of the outstanding common shares is shown below:

= Number of common shares outstanding - treasury common stock

where,

Number of common shares outstanding = Total value of the common shares ÷ par value of the share

=  $105 million ÷ $5

= 21 million

And, the  treasury common stock is 4 million

Now put these values to the above formula  

So, the value would equal to

= 21 million - 4 million

= 17 million

6 0
3 years ago
Other questions:
  • Land costing $77,900 was sold for $99,800 cash. The gain on the sale was reported on the income statement as other revenue. On t
    14·1 answer
  • Suppose that you found out that many of the sales people in your stores around the country are offering poor customer service. H
    11·1 answer
  • Logan Corporation issued $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a yea
    12·1 answer
  • an employee of a company is being paid to assist in the sale of stock options to the company's employees and will recieve a bonu
    10·1 answer
  • Don and Debbie are buying a new car seat for their toddler, and they know that any car seat they find in a store meets specific
    9·1 answer
  • The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.
    6·2 answers
  • A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the
    11·1 answer
  • The actual cost of direct materials is​ $47.50 per pound. The standard cost per pound is​ $51.75. During the current​ period, 7,
    9·1 answer
  • A _____ gives you a chance to express your appreciation to the interviewer for his or her time and interest.
    15·1 answer
  • What effect does an expansionary monetary policy in the u.s. have on the foreign trade sector?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!