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
-BARSIC- [3]
2 years ago
8

On January 1, 2020, Commonwealth Inc. leases equipment to Tap Inc. The equipment has a fair value of $156,000, a carrying value

of $80,000, an economic life of four years, and a lease term of three years. Commonwealth's incremental borrowing rate is 10% and there is a purchase option at the end of the lease of $10,000 that is reasonably expected to be executed by Tap at that time. The annual lease payment is $33,809.39, with the first payment due immediately on January 1, 2020. What is the amount of interest revenue recognized in 2020 by Commonwealth Inc.
Business
1 answer:
Masja [62]2 years ago
5 0

Answer: $12,219

Explanation:

Interest revenue for 2020:

= Carrying value * Borrowing rate

Carrying value at end of 2020:

= Fair value - Lease payment

= 156,000 - 33,809.39

= $‭122,190.61‬

Interest = 10% * 122,190.61

= $12,219

You might be interested in
A conventional peg refers to. Multiple Choice where the exchange rate remains within a narrow margin of 2 percent relative to a
Trava [24]

A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows.

for better understanding lets explain what conventional peg means

  • conventional peg as related to when country formally (de jure) pinpoint their own currency at a fixed rate to the currency of another said country example is, from the currencies of major trading or financial partners and weights showing on the distribution of trade in different geographical zones
  • The known backbone or anchor currency or basket weights are public or notified to the IMF and a country authorities are able to maintain the fixed parity through direct intervention

From the above, we can therefore say that the answer A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows is correct.

learn more about exchange rates from:

brainly.com/question/21384395

3 0
2 years ago
Ron Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inv
ch4aika [34]

Answer:

Segregation of duties.

Explanation:

Segregation of duties -

The concept of segregation of duties is based on the shared responsibilities .

It refers to the method of assigning different person for different task , is referred to as segregation of duties .

It is the fundamental building block for running a business efficiently , in order to reduce any management risk .

In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .

Therefore , it is import to divide various duties .

Hence , from the given scenario of the question,

The correct answer is segregation of duties .

5 0
2 years ago
Mountain Teas wants to raise $14.9 million to open a new production facility. The company estimates the issue costs for legal an
ololo11 [35]

Answer:

612,936 shares

Explanation:

The computation of the number of shares of stock must be sold is shown below:

Before that we have to compute

Required sales proceeds net of spread is

= (Raise amount + estimated cost for  legal and accounting fees) ÷ (1 - spread rate)

= ($14.9 million + $582,000) ÷ (1 - 0.0815)

= ($1,5482,000) ÷ (1 - 0.0815)

= $16,855,743.06

So, shares to be sold is

= $16,855,743.06 ÷ $27.50

= 612,936 shares

8 0
2 years ago
How may the following products be brought as convenience goods, especially
zhenek [66]

Answer:

Classification is the process of dividing the members of a population into smaller groups, so that in each group, members with similar characteristics are placed. The post-classification process continues at the macro level, and each subgroup is subdivided into smaller subdivisions, which can also be subdivided into smaller subdivisions. If necessary, each category is divided into sections. Each of these steps is called a division level , i hope it i can not help you

4 0
2 years ago
What means can managers use to assess political risk? What do you think is the relative effectiveness of these different methods
icang [17]

Explanation:

Political business risks can negatively affect the profitability of a company or investment in a particular country or location, these risks are inherent in political crises that affect the economy of a location, so it is necessary for managers to assess political risk using analysis indices of risk, assessment systems, past results, country positioning and it is also essential that managers seek experts for better guidance on political risks.

Brazil, for example, is a country that despite attracting a lot of international investment through government incentives, is going through an internal political crisis that gives it greater instability and causes instability so that investors feel safe in investing in the country, due to the possibility of rapid change in the political scenario that can lead to negative economic changes and unforeseen events that mean negative risks for foreign investors.

8 0
3 years ago
Other questions:
  • Xavier, a recent college graduate, is thinking of investing in a home health care business. he believes this will be a profitabl
    13·1 answer
  • How are most travel itineraries arranged?
    15·1 answer
  • You notice that you always make your transaction at the very beginning of the round. Although​ it's nice to transact every​ time
    10·1 answer
  • Why can't minors work more than 3 or 4 hours?
    12·2 answers
  • On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:Accounts Debit Credit Cash
    8·1 answer
  • On April 1, 2021, Parks Co. purchased machinery at a cost of $42,000. The machinery is expected to last 10 years and to have a r
    11·1 answer
  • Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,470 May 3,830 June 4,570 July
    9·1 answer
  • Explain the impact of taxation on the valuation of a country's currency
    13·1 answer
  • Kelly selected a home and submitted an offer to the seller. Multiple Choice The seller must accept her offer. Her offer must hav
    15·1 answer
  • An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!