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likoan [24]
2 years ago
10

Red Co. recorded a right-of-use asset of $140,000 in a 10-year finance lease. Payments of $22,784 are made annually at the end o

f each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be: (Round your final answer to the nearest whole dollar.)
Business
1 answer:
alexandr402 [8]2 years ago
5 0

Answer: $121554

Explanation:

Lease liability = $140,000

Less: Lease liability in 1st year= $8784

Lease payable after one year = $131216

Less: Lease liability in 2nd year = $9662.40

Lease payable after 2nd year = $121553.60 = $121554

Note:

Lease liability in 1st year:

= $22,784 - (10% × $140000)

= $22784 - $14000

= $8784

Lease liability in 2nd year:

= $22784 - (10% × $131216)

= $22784 - $13121.60

= $9662.40

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The correct option which represents the ultimate goal of capital budgeting is D) .

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Answer:

Explanation is given below

Explanation:

Given that, the total budget for the media is only $1,000 per month.

For the allocation, each type of media would get at least 25% of the budget.

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2 years ago
Jacques has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Kyoko, w
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Explanation:

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