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olga2289 [7]
3 years ago
11

King Cones leased ice cream-making equipment from Ace Leasing. Ace earns interest under such arrangements at a 6% annual rate. T

he lease term is eight months with monthly payments of $10,000 due at the end of each month. King Cones elected the short-term lease option.What is the effect of the lease on King Cones’ earnings during the eight-month term (ignore taxes)?
Business
1 answer:
DiKsa [7]3 years ago
4 0

Answer: $80,000

Explanation:

Given that,

Annual interest rate = 6%

Lease term = Eight month

Monthly payment at the end of each month = $10,000

King cones earning reduced by $10,000 per month.

Therefore,

Lease Expense = Monthly payments × Lease term

                         = $10,000 × 8

                         = $80,000

Above is the lease expense for the eight month term, ignoring taxes.

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Location Score
dolphi86 [110]

Answer and Explanation:

The computation of composite score for each location is shown below:-

Composite score for A is

= 0.15 × 89 + .20 × 75 + 0.18 × 92 + 0.27 × 92 + 0.10 × 93 + 0.10 × 90

= 88.05

 Composite score for B is

= 0.15 × 78 + .20 × 93 + 0.18 × 90 + 0.27 × 93 + 0.10 × 97 + 0.10 × 96

= 90.91

Composite score for C is

= 0.15 × 84 + .20 × 98 + 0.18 × 87 + 0.27 × 82 + 0.10 × 84 + 0.10 × 95

= 87.90

Therefore for computing the composite score for each location we simply multiply weight with A location and in the same manner of A, B and C

b. The maximum composite score from A, B and C is B

8 0
4 years ago
The Carter Corporation makes products A and B in a joint process from a single input, R. During a typical production run, 50,000
klemol [59]

Answer: $54,000 per production run

Explanation:

As we are dealing with the decision of whether or not to process the good further, the irrelevant cost would be the cost of producing product B from input R.

This is because this cost has already been incurred to produce product B and so is a sunk cost. Sunk costs are irrelevant to the decision to process further.

30,000 units of B were made from 90,000 units R so the cost of B is:

= 30,000 / 50,000 * 90,000

= $54,000

<em />

<em>The options here are probably for a variant of this question.</em>

8 0
3 years ago
Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the​ shareholders? ​(Selec
Murrr4er [49]

Answer:

<u>C. The company has a very poor turnover of assets and collects its receivables​ quickly; thus there are some concerns from these ratios. D</u>

<u>Explanation:</u>

Let's be mindful that turnover here refers to <em>revenue</em>, while receivables​  refer to<em> amounts owed to the company</em>.  So, If the company has a very poor turnover of assets it means it isn't making much revenue, and it is collecting its receivables​ quickly implying there are some concerns (imbalances) from these ratios.

Therefore, the managers of Tyler Toys or the​ shareholders need to work out a solution.

4 0
3 years ago
Which of the following is an argument against increasing social responsibility?
Novosadov [1.4K]

Answer:

What are the answers?

Explanation:

There is no picture. Maybe remake this question with a picture with the answers shown.

4 0
3 years ago
In what ways do the benefits of free enterprise affect your daily life? List as many examples as you can. Consider neighborhood
Kobotan [32]

well think about it in a variety of different ways, a free market economy can affect anyone's daily life, that being, in a free market economy a person can make any choice he or she wants with little or no government interference


hope I was able to help ~kashout kam

6 0
3 years ago
Read 2 more answers
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