If something is 3.30 and price went up at 40 percent how much is the price now

Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company can offer competitive price

borishaifa [10]

Answer:

1) sales revenue 61,995.26

2) lease receivables 61,995.26 debit

sales revenue 61,995.26 credit

cost of good sold 56,000 debit

truck inventory 56,000 credit

truck 61,995.26 debit

lease payable 61,995.26 credit

3)

$\left[\begin{array}{cccccc}$Time&$Beg&$Cuota&$Interes&$Amort&$Ending\\0&61995.26&7000&&7000&54995.26\\1&54995.26&7000&1649.86&5350.14&49645.12\\2&49645.12&7000&1489.35&5510.65&44134.47\\3&44134.47&7000&1324.03&5675.97&38458.5\\4&38458.5&7000&1153.76&5846.24&32612.26\\5&32612.26&7000&978.37&6021.63&26590.63\\6&26590.63&7000&797.72&6202.28&20388.35\\7&20388.35&21000&611.65&20388.35&0\end{array}\right]$

For the lessor will be interest revenue while interest expense for the lessee

4)

cash 7,000 debit

interest revenue 1,649.86 credit

lease receivables 5,510.65 credit

--entry for the lessor--

lease payable 5,510.65 debit

interest expense 1,649.86 debit

cash 7,000 credit

--entry for the lessee--

5)

cash 21,000 debit

interest revenue 611.65 credit

lease receivables 20,388.35 credit

--entry for the lessor--

lease payable 20,388.35 debit

interest expense 611.65 debit

cash 21,000 credit

--entry for the lessee--

Explanation:

1) the sales revenue will be the present value of all the lease payments and the residual value of the asset or the bargain-option

Present Value of Annuity-due

$C \times \displaystyle \frac{1-(1+r)^{-time} }{rate}(1+rate) = PV\\$

C 7,000

time 8

rate 0.03

$7000 \times \displaystyle \frac{1-(1+0.03)^{-8} }{0.03}(1+0.03) = PV\\$

PV $50,611.9807

PRESENT VALUE OF LUMP SUM

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 14,000.00

time 7.00

rate 0.03

$\frac{14000}{(1 + 0.03)^{7} } = PV$

PV 11,383.28

PV of the lease: 50,611.98 + 11,051.73 = 61,995.26

2) the lessor will have a lease receivable while the lessee has a lease payable.

$\left[\begin{array}{cccccc}$Time&$Beg&$Cuota&$Interes&$Amort&$Ending\\0&61995.26&7000&&7000&54995.26\\1&54995.26&7000&1649.86&5350.14&49645.12\\2&49645.12&7000&1489.35&5510.65&44134.47\\3&44134.47&7000&1324.03&5675.97&38458.5\\4&38458.5&7000&1153.76&5846.24&32612.26\\5&32612.26&7000&978.37&6021.63&26590.63\\6&26590.63&7000&797.72&6202.28&20388.35\\7&20388.35&21000&611.65&20388.35&0\end{array}\right]$

3 0

3 years ago

When a research project includes the collection of biological samples, all planned future uses of the samples, identifiers, and

Mrac [35]

It is True, that all research that involves interaction or intervention with human samples and data a part of human subjects research.

4 0

4 years ago

All the following represents components (i.e., tools) of quality management, except: a. Check Sheets b. Histograms c. Critical P

spin [16.1K]

Answer:

c. Critical Path Analysis

Explanation:

Quality management is a set of established business processes that ensure business actions comply with established quality standards. This is reflected in quality of products, the relationship between the entity and all stakeholders.

The tools of quality management are some statistical tools used to check the variability if any of actual output quality from set quality standard with view to effecting necessary control. There are basically 7 tools of quality management which are Scatter Diagram, Control Charts , Flow-charting , Histogram , Pareto chart, Check Sheets, Cause-and-effect diagram

4 0

3 years ago

When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she

klasskru [66]

Answer:

c. Strategic planning

Explanation:

Micromanaging things refers to managing things with respect to the subordinates work or remember them for working in a particular subject.

In the given situation, since Heidi Ganahl spent a lot of time for micromanaging things after that he spent more focused on strategic planning as she wants to do the work planning so that she is able to accomplish the goals and objectives in an efficient and effective manner

Moreover, strategic planning refers to planning with respect to the direction of the business, its vision, mission, objectives, goals, etc so that the firm gets to know where they are and where they want to be in near future.

Hence, the correct option is c.

5 0

3 years ago

What are the steps involved in identificaton of risk analysis?

Charra [1.4K]

Answer:

the steps are

1.

2.

3.

4.

Explanation:

these are the steps because in order to get the analysis you need to go through these steps

7 0

3 years ago