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ivann1987 [24]
3 years ago
10

On January 1, 2021, Ivanhoe Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease calle

d for Ivanhoe to make annual payments of $230000 at the end of each year for 10 years with the title passing to Ivanhoe at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Ivanhoe uses the straight-line method of depreciation for all of its fixed assets. Ivanhoe accordingly accounted for this lease transaction as a financial lease. The lease payments were determined to have a present value of $1543,319 at an effective interest rate of 8%. With respect to this lease, Ivanhoe should record for 2021:
a. lease expense of 200,000.
b. interest expense of 89,468 and depreciation expense of 76,136.
c. Interest expense of 107,361 and depreciation expense of 89, 468.
d. interest expense of 91,363 and depreciation expense of 134,202.
Business
1 answer:
Greeley [361]3 years ago
4 0

ha IvAnHoe

yeah sorry i dont know the answer i just thought it was funny lol

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Which of the following is true about conflicts of interest?
Vedmedyk [2.9K]

Answer: Option B

Explanation: In simple words, conflict of interest refers to a situation when a person have the power to make a certain decision from which he or she gets to have some special benefit.

Therefore, conflict of interest always results in the scope bias. As the individual in the power can use his or her position that can lead to benefit of him or loss of others or both.

Hence from the above we can conclude that the correct option is B.

5 0
3 years ago
Shawn will pay Craig with a negotiable instrument, and Shawn plans to involve a third party in that process. What instrument sho
masha68 [24]

The instrument that Shawn must use is “payable to the order of” before the name of the payee.

<h3>Requirements of Negotiability </h3>
  • The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
  • Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
  • In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
  • This restriction exists to prohibit an instrument from having an uncertain value.
  • If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.

Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.

To learn more about the Negotiation instrument refer to:

brainly.com/question/9312091

#SPJ4

5 0
2 years ago
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Hard
mojhsa [17]

Answer:

B. 950,000

Explanation:

The value of the building is calculated as the amount of appraisal is $374,000 for Land $1,100,000 for building and $726,000 for equipment which makes a total of $2,200,000 ($374,000 + $1,100,000 + $726,000). The amount of building appraisal is then divided by the total amount of appraisal to calculate the percentage of building appraisal which gives us a percentage of 5% ($1,100,000 / $2,200,000) and then finally this 5% is multiplied by the amount of property cost of Harding which gives us the value of building which is $950,000 ($1,900,000 * 5%).

5 0
3 years ago
When sales are made in a local Walmart, the sales data is sent to Walmart headquarters where the data are used to build a pictur
meriva

The question is incomplete:

When sales are made in a local Walmart, the sales data is sent to Walmart headquarters where the data are used to build a picture of the buying habits of people who shop at individual Walmarts across the nation. The use of ________ makes this possible.

A) POS systems

B) social shopping

C) e-commerce

D) e-menus

E) direct selling

Answer:

A) POS systems

Explanation:

-POS System refers to the equipment and software that retailers use in their stores to register the sales. This system has the information about the sales, the inventories and CRM.

-Social shopping is a method that is used for online shopping that tries to involve friends in the purchasing experience.

-E-commerce  refers to purchasing and selling goods online.

-E-menus is a system used by restaurants that allows to order food through an electronic device.

-Direct selling refers to selling directly to consumers without using intermediaries.

According to this, the answer is that the use of POS systems makes this possible because these systems have the information from stores like sales and inventory that allows to analize people's buying habits.

5 0
3 years ago
Company's Z's earnings and dividends per share are expected to grow indefinitely by 4% a year. Assume next year's dividend per s
Kazeer [188]

Answer:

Explanation:

First, we need to find current stock price, which equals to Next year dividend / (required rate of return - growth rate)

=4 / (0.08 - 0.04)

= $4 / 0.04 = $100

Then we can apply the found current stock price to find present value of growth opportunities

Present value of growth opportunities =current stock price - [forcasted Earning per share / required rate of return]

= $100 - ($4 / 0.08)

=$100 - $50

= $50

6 0
3 years ago
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