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lawyer [7]
3 years ago
7

On January 1, 2021 Rastell Co signed a long term finance lease for an office building. The terms of the lease required Rastall t

o pay 16,000 annually beginning December 31, 2021 and continuing each year for 16 years. On January 1, 2021 the present value of the lease payments is 151, 146 discounted at the 7% interest rate implicit in the lease In Rastall’s December 31, 2021, balance sheet, the lease payable should be:
a. $109,200
b. $112,679
c. $221,000
d. $95,679
Business
1 answer:
Alinara [238K]3 years ago
7 0

Answer:

$145,726

Explanation:

Note: <em>The options to this question belongs to another question entirely and that is attached as picture. So, the correct answer is not among the 4 options</em>

Interest expense = Present value of lease payment * Interest rate

Interest expense = $151,146 * 7%

Interest expense = $10,580.22

Particulars                                                                           Amount

Present value of lease payment                                       $151,146

Add: Interest expense                                                       $10.580

Less: Annual Payments                                                     <u>($16,000)</u>

Lease Payable on December 31, 2021 Balance Sheet  <u>$145,726</u>

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Which of the following is a benefit to corporate executives when a process is outsourced?
love history [14]

Answer:

<h2>In this case,the correct answer would be option b) given in the answer choices or More time to explore new revenue generation activities.</h2>

Explanation:

  • From an economic or business perspective, outsourcing of operational activities or conducts refer to assigning the business functions, activities, projects, assignments etc. to any third party or external agency with a view to enhance work productivity and minimize overall average operational costs or expenses.
  • The third party or the external entities involved in the outsourcing activities are typically not part of the parent or main company or are not commercially affiliated with the parent or main company.
  • One of the advantages of outsourcing to the company executives is to be able to assign some of the major and time consuming business activities to outsourced companies or entities and focus more on other mediums or sources of revenue generation for business. It might include introduction of new product or service lines, restructuring of the internal organizational settings or venturing new markets to capture higher consumer or client base. Hence, higher work or labor division through outsourcing activities can provide more time and opportunity for executives to focus more on other revenue generating endeavors.
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3 years ago
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2 Jun declares and distributes a
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Answer:

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Explanation:

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starlight creations is beginning to prepare for what they expect will be a grand exit (many people retiring) in the next five ye
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Thus this is the meaning of leadership coaching.

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Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing ch
svetoff [14.1K]

Answer:

Crazy Delicious Inc.

The standard direct materials cost per bar of chocolate is:

= $0.21.

Explanation:

a) Data and Calculations:

A batch of chocolate = 1,800 bars

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Cocoa            480 lbs.   $0.30 per lb.       $144.00

Sugar             150 lbs.    $0.60 per lb.          90.00

Milk                120 gal.    $1.20 per gal.       144.00

Total standard materials costs                $378.00

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b) The standard direct materials cost per bar is computed as the dividend of total direct material costs per batch divided by the batch quantity.

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zimovet [89]

Answer:

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A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.

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6 0
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