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drek231 [11]
3 years ago
14

On December 31, 2021, Wildhorse, Inc. leased machinery with a fair value of $1,425,000 from Cey Rentals Co. The agreement is a 6

-year noncancelable lease requiring annual payments of $270,000 beginning December 31, 2021. The lease is appropriately accounted for by Wildhorse as a finance lease. Wildhorse’s incremental borrowing rate is 11%. Wildhorse knows the interest rate implicit in the lease payments is 10%. The present value of an annuity due of 1 for 6 years at 10% is 4.7908. The present value of an annuity due of 1 for 6 years at 11% is 4.69590.In its December 31, 2021 balance sheet, Wildhorse should report a lease liability of:_______
Business
1 answer:
Contact [7]3 years ago
5 0

Answer:

$1,023,516

Explanation:

The computation of the lease liability reported is shown below:

= Present value of annual payment - Annual payments

where,

Present value of annual payment = 270000 × 4.7908

= $1,293,516

And, the annual payment is $270,000

So, the lease liability reported is

= $1,293,516 - $270,000

= $1,023,516

We simply applied the above formula to determine the lease liability

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Komok [63]

When there is high unemployment, A. There is a greater reliance on government assistance occurs in society.

A society is a collection of people involved in chronic social interaction, or a massive social institution sharing the identical spatial or social territory, normally subject to the identical political authority and dominant cultural expectancies

The totality of social relationships amongst prepared organizations of people or animals. a system of human businesses generating exceptional cultural styles and establishments and usually presenting protection, protection, continuity, and a countrywide identity for its contributors.

Learn more about society here:brainly.com/question/25689420
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4 0
1 year ago
Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ5 at a price o
pantera1 [17]

Answer:

For the special order the company will not incur any additional fixed cost as the special order is within the normal range of production.

Sales ( 10000 * 5 ) 50000

(-) Direct materials ( 10000 * 1.75 ) 17500

(-) Direct labor ( 10000 * 2.50 ) 25000

(-) Variable overhead ( 10000 * 1.50 ) 15000

Income / (loss) (7500)

Required 1 :

Answer : Reject

Required 2 :

Answer : Decrease by 7500

3 0
3 years ago
Mel is a salesperson for a technology services company. He wants to expand collaborative involvement between his company and his
galina1969 [7]

Answer:

I couldn't find any possible options, but if Mel wants to expand collaborative involvement between companies, he should try to make them work together.

Mel is probably trying to sell a new software or technological device to his client, and in order to try to convince the client that his offer is the best, he could suggest that the engineers from his company work together with the engineers of the buying company in order to solve any issues or doubts that may exist. This doesn't necessarily mean that they have to come together and work side by side, now you can work together using Skype of other communications app.

3 0
3 years ago
Individuals who want to work and have searched for work in the prior​ year, but are not currently looking for work because they
Makovka662 [10]

Answer:

Discouraged; are not

Marginally attached; are not

Employed; are

Explanation:

Those workers who have had a job in past but are currently unemployed and are not currently looking for work because they were not able to find job are called discouraged workers.

They believe they will not find a job now so have stopped looking. These workers are not included in the labor force.

Marginally attached workers are those workers who are not employed but are not looking for work because of a number of reasons such as illness, school, responsibility, etc. These workers are also not included in labor force.

Those workers who would like to have full-time job but are employed part-time are considered employed. These workers are included in the labor force.

8 0
3 years ago
module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recent
maria [59]

The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.

Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.

So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.

6 0
3 years ago
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