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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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Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
blagie [28]

Answer:

D.

Explanation:

Based on the scenario being described within the question it can be said that when allocating funds, the firm should probably assign the highest cost of capital to division Z because it is most likely the riskiest of the three divisions. This is because Division Z focuses on research and development which means that they might not actually discover or create something that can bring value to the company and is therefore highly risky.

4 0
3 years ago
Read 2 more answers
Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 million. The income statement sh
Zigmanuir [339]

Answer:

D. $65 million

Explanation:

The computation of the  end of year balance for accounts receivable is shown below:

Cash flows from operating activities $226

net income $150

Add: depreciation $85

Less: increase in inventory -$14

Add: increase in wages and taxes $15

Add: increase in account payable $10

Total $246

Change in account receivable -$20

Opening account receivable $45

Ending account receivable $65

5 0
2 years ago
Monopolistic competition resembles pure competition because:
OleMash [197]

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

7 0
3 years ago
Risoner Company plans to purchase a machine with the following conditions: Purchase price = $300,000. The down payment = 10% of
ser-zykov [4K]

Answer:

$62,160

Explanation:

Given:

Purchase price = $300,000

Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000

Thus,

the cumulative amount to be financed = $300,000 - $30,000 = $270,000

The present value of an annuity of $1 per year for 8 years at 16% = $4.3436

Now,

Annual payment

= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)

= $270,000 / 4.3436

= $62,160.42

≈ $62,160

8 0
3 years ago
We determine the net cash flows from investing activities by analyzing changes in _____ accounts from the balance sheet.
Tom [10]

We decide the internet money flows from investing things to do by using analyzing modifications in long-term asset money owed from the stability sheet.

Elevision units that walmart owns for selling to its clients are categorised as equipment.

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Equipment is a non modern-day or long-term asset account which reports the fee of the equipment.

Equipment will be depreciated over its beneficial lifestyles by debiting the income assertion account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation (a contra asset account).

<h3>Where does equipment go in accounting?</h3>

When gear is purchased, it is no longer in the beginning said on the earnings statement. Instead, it is reported on the stability sheet as an increase in the constant property line item.

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<h3>brainly.com/question/9929994</h3>

<h3>#SPJ4</h3>
5 0
1 year ago
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