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
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

You might be interested in
Often a commercial payer will implement changes to claims completion requirements throughout the year, and most providers discov
Tomtit [17]

The correct statement is when claims are denied.

<h3>What is the commercial paper? What is the duration of the commercial paper?</h3>

The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.

Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.

The companies mostly issued the commercial papers to meet their short term liabilities.

Learn more about the commercial paper here:-

brainly.com/question/22985280

#SPJ1

6 0
2 years ago
Why did Starbucks create the ‘Starbucks College Achievement Plan?’ How does it help the company make money and remain competitiv
Bumek [7]

Explanation:

I mean, everybody deserves to have an achievement plan. So why not make one from it?

7 0
3 years ago
A recent harris poll reported that ________ percent of customers say that they will never return to a business after a negative
faust18 [17]
A recent Harris poll reported that 82 to 91 percent of customers say that they will never return to a business after a negative customer service experience. The percentage of customers decision for never returning to a business due to a bad experience varies according to the industries. The range of the percentage is 82 to 91 percent.
3 0
3 years ago
A market research study of soft drink consumption and distribution in Hungary commissioned by an American company indicated that
Nutka1998 [239]

Answer:

comparability of data

Explanation:

Comparability of information is one attribute used only to characterize the consistency of descriptive statistics. For two factors the principle of comparability of data is especially critical to a Triad.

Secondly, the Constellation demonstrates shared data sets. Through nature, the shared data sets include information from different analytical techniques. The degree of comparability among two separate sequencing / technical methods affects the way in which sets of data can be jointly compiled, analyzed and used to help strategic thinking.

7 0
3 years ago
Jurisdiction- James Clayton Allison, a resident of the state of Mississippi, was employed by the Tru-Amp Corporation as a circui
Nikolay [14]

Answer:

The US District Court ruled that this case must be served by a court in Tennessee because:

  • Allison was injured while working in Tennessee
  • The place where Allison got involved with the defendant is Tennessee, so their relationship took place there.

If the lawsuit had been for a higher amount (at least $75,000), then the case could have been tried by a federal court.

3 0
4 years ago
Other questions:
  • Multiple Choice Question
    8·1 answer
  • Indigo Corporation purchased trading investment bonds for $55,000 at par. At December 31, Indigo received annual interest of $2,
    6·1 answer
  • In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) ______ gap equal to ______ p
    6·1 answer
  • If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
    12·1 answer
  • Why is it difficult for the federal government to increase or decrease spending
    6·1 answer
  • Emma is a marketing manager at a multinational corporation. She gets anxious when her job gets stressful, and she tends to get a
    13·2 answers
  • Golddex Corporation has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is
    12·1 answer
  • Vertical marketing systems are best described as ______. Multiple choice question. the elimination of costly backward and forwar
    9·1 answer
  • R. L. Ybarra employs John Ince at a salary of $53,000 a year. Ybarra is subject to employer Social Security taxes at a rate of 6
    12·1 answer
  • Ill give brainliest to whoever can guess what number im thinking of 1-10
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!