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Sindrei [870]
3 years ago
13

13.. Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $150,000 d

ue on December 31 of each year beginning December 31, 2021. The present value of the lease payments is $1,013,854. Francisco's incremental borrowing rate is 12% for this type of lease. The implicit rate of 10% is known by the lessee. What should be the balance in Francisco lease liability at December 31, 2022
Business
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

$800,239.40

Explanation:

Calculation for the balance in Francisco lease liability at December 31, 2022

First step is to find the Liability for the year end 31st December 2021

Using this formula

Liability as on 31st December 2021=Initial Value of the Liability - Annual Payment

Let plug in the formula

31st December 2021 Liability =$1,013,854-$150,000

Liability as of 31st December 2021=$863,854

Second step is to find Interest for the Year 2022

Interest =$863,854×10%

Interest =$86,385.40

Third step is to less the interest amount from the Annual payment

Annual Payment $150,000- Interest $86,385.40

=$63,614.60

Last step is to find the balance in the lease liability at December 31, 2022

Lease liability balance = $863,854 -$63,614.60

Lease liability balance=$800,239.40

Therefore What should be the balance in Francisco lease liability at December 31, 2022 will be $800,239.40

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Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual fixed cost is $10,000 for
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Answer:

break even point in units = 2,667

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Explanation:

The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.

break even point in units = total fixed costs / contribution margin

  • total fixed costs = $10,000
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Situational leadership theories propose that the effectiveness of a particular style of leader behavior depends on the situation
kondaur [170]

Answer:

1) Supportive behaviors->option (d)

2) Group-oriented decision-making behaviors->option (f)

3) Achievement-oriented behaviors->option (b)

4)  Work-facilitation behaviors->option (c)

5) Value-based behaviors->option (h)

6) Representation and networking behaviors->option (g)

7) Path-goal–clarifying behaviors->option (a)

8)  Interaction-facilitation behaviors->option (e)

Explanation:

1) Supportive behaviors:- (d)

Supportive conduct illustrates the need to meet and be polite to workers as illustrated in Option D.

Option A talks about offering guidance, Option B talks about setting goals, Option C talks about preparation and scheduling, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking, Option H talks about vision, self-confidence, high-perforation contact.

2) Group-oriented decision-making behaviors:- (f)

This leadership conduct poses a challenge to the group and allows them to engage in decision-making, to provide the required group analysis, etc.  

Option A talks about offering direction, Option B talks about setting goals, Option C talks about planning and scheduling, Option D talks about well-being and being comfortable with employees, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking.

3) Achievement-oriented behaviors:- (b)

This leadership conduct represents the setting of demanding goals for workers and shows confidence.  

Option A talks about providing guidance, option B talks about setting challenges, option C talks about planning and scheduling, option D talks about well-being and being friendly with employees, option E talks about dispute resolution, option F talks about problem-solving and participatory decision-making, option g talks about employee relationships, interaction, and networking.

4)  Work-facilitation behaviors:- (c)

This involves the process of planning, scheduling, etc. and providing feedback to assist employees as reflected in Option C.

Option A talks about offering direction, Option B talks about setting goals, Option C talks about planning and scheduling, Option D talks about well-being and being comfortable with employees, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking.

5) Value-based behaviors:- (h)

This activity involves vision building, ambition, confidence, communication of goals, loyalty, and high performance to others, etc.  

Option A talks about offering direction, Option B talks about setting goals, Option C talks about planning and scheduling, Option D talks about well-being and being comfortable with employees, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking.  

6) Representation and networking behaviors:- (g)

This conduct brings a positive light to others and maintains healthy relationships, which is expressed in option G.

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7) Path-goal–clarifying behaviors:- (a)

This leadership offers encouragement for workers to fulfill their goals and emphasizes positive and negative impacts.

Option A talks about offering direction, Option B talks about setting goals, Option C talks about planning and scheduling, Option D talks about well-being and being comfortable with employees, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking.

8)  Interaction-facilitation behaviors:- (e)

This involves resolving disputes, facilitating interactions, etc.

Option A talks about offering direction, Option B talks about setting goals, Option C talks about planning and scheduling, Option D talks about well-being and being comfortable with employees, Option E talks about conflict resolution, Option F talks about problem-solving and participatory decision-making, Option g talks about employee relationships, engagement, and networking.

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