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
Andreyy89
3 years ago
14

Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on

December 31 of each year beginning December 31, 2021. The present value of the lease payments is $1,006,192. Francisco's incremental borrowing rate is 14% for this type of lease. The implicit rate of 12% is known by the lessee. What should be the balance in Francisco lease liability at December 31, 2022
Business
1 answer:
vodomira [7]3 years ago
4 0

Answer: $789855

Explanation:

Initial liability = $1,006,192

Less: Payment = $159,000

Liability = $847192

× Implicit rate 12%

Interest = 12% × $847192 = $101663

Then, reduced balance will be:

= Payment - Interest

= $159,000 - $101663

= $57337

Therefore, Francisco lease liability at December 31, 2022 will be:

= $847192 - $57337

= $789855

You might be interested in
Import tariffs generally ________ the output of domestic producers of the affected products and also _________ the output of dom
GarryVolchara [31]

Answer:

More details please.

8 0
3 years ago
You are a junior in college. You sent your resume to a half-dozen companies hoping to get a summer internship. Two weeks ago XYZ
zlopas [31]

Answer:

I would politely reach out to XYZ organization and let them know I won't be taking them on their offer

Explanation:

In this particular situation, there is no legal binding in this agreement to start work. There is no responsibility from me to XYZ corporation.

If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.

3 0
3 years ago
Your total pay before deductions is
nydimaria [60]

Answer: D

Explanation:

8 0
3 years ago
Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labor is $55 per unit. Variable
r-ruslan [8.4K]

Answer:

c. $229

Explanation:

To compute the total absorption cost per unit we do the following,

Absorption of fixed costs = Fixed costs / units produced

Absorption cost = 200,000 / 4000 = $50/unit

Total cost of each individual unit = 99 + 55 + 25 + 50 = $229

This includes direct material, direct labor, manufacturing overhead and the fixed absorption cost.

With absorption costing we take all the goods produced in a period as denominator for the Fixed costs.

Hope that helps.

5 0
4 years ago
How to properly get rid of a ouija board bought from a yard sale?
irina [24]
Just toss it out and Rebuke it in Jesus name 
4 0
4 years ago
Read 2 more answers
Other questions:
  • Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells it at year-end at $50, and receive
    6·1 answer
  • ) The price based on customers' perceived value for the product and the price that competitors charge is the: 19) A) target pric
    7·1 answer
  • Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.20, $2.31, $2
    14·1 answer
  • Which of the following strategies is a good way to deal with risk in investing?
    7·2 answers
  • Andrew Industries purchased $166,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
    9·1 answer
  • If survey questions are standardized and close-ended, they can produce data that is statistically comparable.
    7·1 answer
  • On April ​3, a customer returned $ 900 of merchandise that had been purchased with cash to Cooke Supplies. Cooke​'s cost of the
    7·1 answer
  • Propound why a library is said to be the memory of the human race?
    15·2 answers
  • Rianne has to choose between returning to graduate school to pursue her love of philosophy or going to work for a bank in town.
    11·1 answer
  • ethelbert is a young software company owned by two entrepreneurs. It currently needs to raise 400000 to support its expansion pl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!