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Inessa05 [86]
3 years ago
7

On 1/1//2015, XYZ leases a machine from Super LeaseCo for four years. At the end of the lease term, title passes to XYZ. Payment

s of $4,000 are made at the BEGINNING of each year 1/1/2015, 12/31/15, 12/31/16, AND 12/31/17). The machine has a useful life of 6 years, with no salvage value. XYZ uses straight-line amortization. Lessee interest rates is 6%. Fair value of machine is $14,692 which is the price that Super LeaseCo. paid for the machine. Assumption 1 - Record all required entries for XYZ for 2015-2020.

Business
1 answer:
MaRussiya [10]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Environmental Designs issues 3,000 shares of its $1 par value common stock at $15 per
patriot [66]

Environmental Designs issues 3,000 stocks of its $1 par cost not unusual stock at $15 per share. magazine entries required

1) coins (3000 stocks x $ 15) $45,000  

    not unusual stock - at par (3000 shares x $ 1 par)= $3,000

    extra paid-in capital in extra of Par - not unusual inventory                           $45,000 - $three,000= $forty two,000

 (to document issuance of stock)    

     

2) coins $45,000  

    not unusual inventory - no par   $45,000

 (to document issuance of stock)    

Examples of the environmental designs technique encompass the use of roadway noise laptop fashions in the design of noise obstacles and the use of roadway air dispersion fashions in reading and designing city highways.

Environmental design is the ordering of the big-scale factors of the environment by means of structure, engineering, panorama architecture, urban making plans, regional planning, and so forth., typically in a mixture. the have a look at or exercise of this.

An environmental design diploma is an education program that teaches college students how to design environmentally sustainable areas. students enrolled in this degree program discover ways to make design selections that benefit both human beings and the herbal surroundings.

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8 0
2 years ago
You just made the last monthly payment on a 30 year mortgage -- the house is yours! In your joyous moment, you calculate how muc
makkiz [27]

Answer:

$112,807

Explanation:

To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:

PV=FV/(1+r)^n

PV= pressent value

FV= future value= 647,514

r= rate= 6%

n= number of periods of time= 30

PV=647,514/(1+0.06)^30

PV=647,514/(1.06)^30

PV=647,514/5.74

PV=112,807

According to this, you originally borrowed $112,807 for this house.

5 0
4 years ago
Customer Information Programs (CIPs) use several examples to define a person opening a new account. In which scenario should the
xz_007 [3.2K]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.

While the other options are wrong because of the following reasons:

  • Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.
  • Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.
  • Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.
8 0
3 years ago
What are the roles of agriculture is to maximize the production in the agricultural sector ? ​
Serhud [2]

Answer:

introduction of modern machines for harvesting

7 0
3 years ago
Use a well labelled graph to explain why the introduction of maximum prices in the petrol industry will not be an ideal decision
-Dominant- [34]

A country's economy will go on a decline if there is a hyperinflation in the petrol prices.

<h3>What is hyperinflation?</h3>

Extreme increase in prices in a very short span of time is regarded as the condition of hyperinflation. If there is hyperinflation in the petrol prices, its demand will be lowered and people will look for substitutes.

Thus, increase or hyperinflation in the petrol prices will lead to declining of a country's economy and will not serve as a wise decision.

Learn more about hyperinflation here:

brainly.com/question/22313119

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5 0
2 years ago
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