Which of the following is not affected by a person's credit score?

Steven's Auto is trying to decide whether to lease or buy some new equipment costing $23,000 that has a life of three years, aft

jolli1 [7]

Answer:

$1,241

Explanation:

For computing the net advantage to leasing first we have to determine the total cash flow from leasing and total cash flow from buying which is shown below:

For leasing:

Year Lease payment PVF at 5.8% Present value

1 $6,500 0.9452 $6,144

2 $6,500 0.8934 $5,807

3 $6,500 0.8444 $5,489

Total outflow $17,440

For buy:

Year Outflow or inflow PVF at 5.8% Present value

0 ($23,000) 1 ($23,000)

1 $1,610 0.9452 $1,522

2 $1,610 0.8934 $1,438

3 $1,610 0.8444 $1,359

Total outflow $18,681

Now the net advantage to leasing is

= Buy outflow - leasing outflow

= $18,681 - $17,440

= $1,241

7 0

4 years ago

A Soviet interpretation of this poster would claim that

andrew-mc [135]

A Soviet interpretation of this poster would claim that

Americans are practicing economic imperialism
so correct option i conclude is A
hope it helps

8 0

3 years ago

Read 2 more answers

Use below information to prepare general journal entries for Belle Co.'s 1 through 7 transactions.

antoniya [11.8K]

Answer:

Belle Co.

General Journal Entries

1. Debit Cash $6,000

Debit Equipment $7,600

Debit Web Servers $12,000

Credit Common Stock $25,600

To record the assets exchanged for common stock by D. Belle.

2. Debit Prepaid Insurance $4,800

Credit Cash $4,800

To record the prepayment of insurance coverage.

3. Debit Supplies $900

Credit Accounts Payable $900

To record the purchase of supplies on account.

4. Debit Selling Expenses $800

Credit Cash $800

To record the payment of selling expenses for cash.

5. Debit Cash $4,500

Credit Service Revenue $4,500

To record the receipt of cash for services rendered.

6. Debit Accounts Payable $900

Credit Cash $900

To record the payment on account.

7. Debit Equipment $3,400

Credit Cash $3,400

To record the payment for the purchase of equipment.

Explanation:

a) Data and Transaction Analysis:

1. Cash $6,000 Equipment $7,600 Web Servers $12,000 Common Stock $25,600

2. Prepaid Insurance $4,800 Cash $4,800

3. Supplies $900 Accounts Payable $900

4. Selling Expenses $800 Cash $800

5. Cash $4,500 Service Revenue $4,500

6. Accounts Payable $900 Cash $900

7. Equipment $3,400 Cash $3,400

4 0

3 years ago

Alternative Financing Plans Frey Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at

Alja [10]

Answer:

1st Plan Earning per Share $ 1.80

2nd Plan Earning per Share $ 2.30

The Second Plan provides better earnings per share.

Explanation:

1st Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest: (144,000)

Income before taxes 864,000

Income tax expense (345,600)

Net Income 518,400

Quantity of Common Stock:

$ 1,440,000 / $5 = 288,000

Earing per share:

518,400 / 288,000 = $1.80

2nd Plan:

Income before Interest and taxes 1,008,000

Bonds Payable Interest: (72,000)

Income before taxes 936,000

Income tax expense (374,400)

Net Income 561,600

Preferred Shares Dividends (120,000)

Available for common stock 441,600

Quantity of preferred Stock:

$1,200,000 / $10 =120,000 shares

Dividends on Preferred Shares:

120,000 x $1 = 120,000

Quantity of Common Stock:

$ 960,000 / $5 = 192,000

Earing per share:

441,600 / 192,000 = $2.30

3 0

3 years ago

The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out

Margarita [4]

Answer:

a) 75600.

Explanation:

Given;

Beginning Work in Process = 19900

Ending Work in Process = 65300

Units Transferred Out Units = 30200

Total units are to be accounted= x

19900 - 30200 + x = 65300

x = 65300 - 19900 + 30200

x = 75,600

4 0

3 years ago