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
Eduardwww [97]
3 years ago
10

Pizza ltd. leased equipment from Tasty Company under a four-year lease requiring equal annual payments of sh.86, 038, with the f

irst payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no residual value. If Pizza ltd.’s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pizza ltd.) is 8%, what is the amount recorded for the leased asset at the lease inception?
Business
1 answer:
adoni [48]3 years ago
8 0

Answer:

Sh. 300,001.60

Explanation:

Note: <em>Missing word has been attached</em>

Particulars                                                     Amount

Annual payments                                          86,038

x PV Annuity due 8%, 10 periods                 3.48685

Amount recorded for the leased asset      300,001.60

You might be interested in
A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to 1 ratio. If ABC declares and
Leviafan [203]

Answer:

B. 100 shares of ABC preferred stock

Explanation:

Shares are ownership stakes of a company that are given out to individuals who contribute to capital base of a company.

Preference shares are those whose owners recieve preference in payment of dividends, a fixed dividend is paid to them.

Ordinary shares recieve less preference when dividend is paid, usually coming last in divedend payment.

In this scenario ABC has decided to pay 10% stock dividend. This will be paid to ordinary share holders.

So the person with 100 preference shares will have 100 preference shares

10% of par value of $100 is 0.1 * 100= $10

Number of shares are 100 so the value is now 100 * $10 = $1,000

Since the conversion rate of preference to ordinary shares is 10:1

Number of preference shares= 1,000 ÷ 10= 100 preference shares

5 0
3 years ago
there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c
Virty [35]

Answer:

70 tickets were sold to student and 130 tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

Given

Total number of tickets sold = 200

Total amount collected by selling 200 tickets = 1485 dollar

Cost of one ticket of student = 4.5 dollar

Cost of one ticket of adult = 9 dollar

Two equation are as follows

X + Y = 200\\ ------Eq (1)

4.5 X + 9 Y =1485 -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70

Substituting the value of X in equation 1 we get

70 + Y = 200\\Y = 200 -70 \\Y = 130

Therefore, 70 tickets were sold to student and 130 tickets were sold to adults

8 0
3 years ago
A print ad usually includes which two things?
barxatty [35]

Answer:

A. Images and text

Explanation:

7 0
3 years ago
real estate brokers serve as intermediaries by bringing buyers and sellers together in the real estate market. for this service,
Nezavi [6.7K]

When brokers serve as intermediaries who bring buyers and sellers together in the real estate market, they get paid what is commonly known as a Commission.

<h3>How are real estate brokers paid?</h3><h3 />

In the real estate market, brokers are paid based on commission. This commission is charged on the selling price of the house which means that it is the buyer that pays the commission. The reason real estate brokers get paid a commission is because of their service of bringing the buyers of real estate, to those who want to sell their property in the real estate market.

There can be different rates paid for commission to real estate brokers depending on the services rendered, the location, or how well known the real estate agent is. However, commission paid often ranges between 5% of the selling price to 6%. This means that if a real estate broker sells a property worth $100,000, they can expect between $5,000 and $6,000.

Find out more on real estate commission at brainly.com/question/13094656

#SPJ1

7 0
1 year ago
Cedric is planning to major in business management and would like to work for an international company someday. What program mig
borishaifa [10]
B

Definitely right

The city news stations gives the opportunity for them to learn about culture and trade in the business community.
6 0
2 years ago
Read 2 more answers
Other questions:
  • Mondo Snow Removal's cost formula for its vehicle operating cost is $1,060 per month plus $429 per snow-day. For the month of Ja
    13·1 answer
  • Rogers, Inc., acquires 15% of Procter Corporation on January 1, 2020, for $70,000. During 2020, Procter reported net income of $
    11·1 answer
  • Swift Company purchased a machine on January 1, 2010, for $500,000. At the date of acquisition, the machine had an estimated use
    9·1 answer
  • Suppose the number of people employed (E) is currently 100 and the number unemployed (U) is 10 and the labor force is fixed at 1
    15·1 answer
  • Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is
    7·1 answer
  • True or false: Accumulated Depreciation is a contra-account to a long-lived asset account, such as Equipment. This means that it
    15·1 answer
  • If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is
    8·1 answer
  • The production possibilities model illustrates an inverse relationship between two goods or services because Group of answer cho
    15·1 answer
  • Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. For those boxes
    5·1 answer
  • Jake has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Megan, w
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!