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
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.  

You might be interested in
Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we woul
natali 33 [55]

Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect the rise, ambiguous

<h3>What is personal computers?</h3>

Personal computers (PCs) are multipurpose microcomputers that are tiny, powerful, and reasonably priced for individual use. Personal computers are not intended for use by computer experts or technicians, but rather by average consumers. Like huge, expensive minicomputers and mainframes, personal computers do not use time-sharing by numerous users concurrently. Additionally, the phrase "home computer" was used, mostly in the 1980s and late 1970s.

In the 1960s, institutional or corporate computer owners had to create their own programs in order to carry out any useful work on their machines. The majority of these systems run commercial software, freeware (usually proprietary), or free and open-source software, despite the fact that users of personal computers can develop their own applications.

To learn more about personal computers from the given link:

brainly.com/question/26094028

#SPJ4

5 0
2 years ago
rief Exercise 6-11 In Marshall Company, data concerning two products are unit contribution margin—Product A $10, Product B $12
iren [92.7K]

Answer:

Product A -$5

Product B-$4

Explanation:

Apart from the contribution for products A and B given in the question,the other details are the machine hours required to produce one unit of A and B,which implies that the limited resource is the machine hour provided alongside the contribution

The contribution per unit of limiting factor or resource is computed thus:

                                                                      Product A                   Product B

Contribution                                                           $10                          $12

Limiting resource(hour)                                            2                              3

Contribution/resource(contribution/resource)        $5                          $4  

In other words it would be better to give product preference in production since it has a higher contribution per unit of scarce resource                    

8 0
3 years ago
President Roslin of Country XYZ knows that a new policy is needed to help solve the problem of rising unemployment in her nation
Aneli [31]

Answer:

I think that the correct answer would be A. to develop a plan. The reason that I think that this is the answer is because she has already identified the problem and the next step would be to create the plan

Explanation:

5 0
2 years ago
Personal interests are defined as things a person does not like.<br> True or false
Aleks [24]
False :))))))))))))))))))))))))))))))))))))))))))))))))
4 0
3 years ago
Credit sales are recorded by crediting an accounts receivable.
Anna35 [415]
The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.
8 0
4 years ago
Other questions:
  • A recent study in your reading suggested that ______ spend 13% more than an average customer and refer business equal to 45% of
    12·1 answer
  • Once you have made a lifestyle choice, you cannot change your mind.<br><br> A) true<br> B) false
    11·2 answers
  • The Woods Co. and the Speith Co. have both announced IPOs at $63 per share. One of these is undervalued by $11, and the other is
    6·1 answer
  • A non-MFP (non-Municipal Finance Professional) contributes $500 to an elected official's campaign in which he is entitled to vot
    13·1 answer
  • Best's fried chicken just took out an interest-only loan of $50,000 for three years with an interest rate of 8.15 percent. payme
    5·1 answer
  • Sheffield Co. is building a new hockey arena at a cost of $2,630,000. It received a downpayment of $520,000 from local businesse
    6·1 answer
  • Where are most box office managers jobs found?
    5·1 answer
  • Interim financial statements:
    7·1 answer
  • A company's master budget for October is to manufacture and sell 30,000 units for a total sales revenue of $270,000, total varia
    13·1 answer
  • A company’s business model: Select one: a. Explains how it intends to achieve high profit margins b. Indicates how the strategy
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!