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Neko [114]
3 years ago
6

Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value

of the lease payments discounted at 9% was $718,000. Ten annual lease payments of $102,641 are due each July 1 beginning July 1, 2018. On July 1, 2019 the debit to Lease Payable will be $_____.
Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

The debit to lease payable on July 1, 2019 will be $ 670,741.31

Explanation:

According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000

Also, the annual lease payments is = $ 102,641

With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows

= ($ 718,000-  $ 102,641) + 9% ( $ 718,000 - $ 102,641)

= $ 615,359 + $55382,31

= $ 670,741 July 1, 2019 debit to lease payable

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Billie transferred her 20 percent interest to Jean Company as part of a complete liquidation of the company. In the exchange, sh
7nadin3 [17]

Answer:

A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie

Explanation:

The computation is shown below:

For loss recognized, the amount would be

= Land basis - fair value of land

= $400,000 - $200,000

= $200,000

And, the basis in the land should be equal to the fair value of the land i.e $200,000

Hence, the correct option is A

By dividing the fair value from the land basis we can get the loss recognized

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3 years ago
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Answer:

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Correspondingly even massive transnational companies have influence because of their sturdy political association, media backing, generous market portion and client base, Depending concern in minds of state because of their disappointment if any which might cause common negative consequences, but this power is proscribed once direction sees various players UN agency cn additional such massive companies.

5 0
3 years ago
Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will:_________
Veseljchak [2.6K]

Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.

A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.

Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.

Learn more about   absorption  here

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3 0
2 years ago
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RideAnS [48]

Answer:

Check the following explanation.

Explanation:

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To align the goals of the two parties,compensation contracts should be designed to motivate the executive to make decisions that will not only increase his or her wealth, but will also increase shareholder wealth. Steps taken to increase shareholder wealth should be reflected in improved firm performance.Including both components in the contracts helps ensure the decisions of the executive are linked to various time horizons.

Shortterm components motivate the executive to make decisions that have an immediate affect on the firm. Long-term components are necessary to lengthen the decision horizon of the executive and enhance the likelihood of continued improvement in firm value. The long-term incentives in these  contracts can be based on improved shareholder wealth as well as improved firm performance.

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Because your department has not reached its sales quota, your boss has asked you to change figures to show that sales were highe
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I believe the answer is c
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