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Amiraneli [1.4K]
3 years ago
15

At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a ten-year operating lease agree

ment. The contract calls for quarterly rent payments of $28,000 each. The office building was acquired by Lakeside at a cost of $2.3 million and was expected to have a useful life of 25 years with no residual value.
What will be the effect of the lease on Lakeside's earnings for the first year (ignore taxes)?

Lakeside increases its earnings by $__________
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer: $20,000

Explanation:

The effect of the lease on Lakeside's earnings will be the difference between the earnings from the lease and the cost of the building which will be depreciation.

Depreciation = 2,300,000/25

= $92,000 per year

Earnings per year;

= 28,000 * 4

= $112,000

Increase in earnings = 112,000 - 92,000

= $20,000

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Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jack's solely owned S corporati
Strike441 [17]

Answer:

$32,140

Explanation:

The QBI  on $280,000(57.3% of Taxable income)                  $160,700

Eligible Deduction of 20% on QBI                                            $32,140

4 0
3 years ago
As the result of an increase in capital the demand for labor would_______, the supply of labor would ________, and the quantity
Mademuasel [1]

Answer:

The correct answer here is option b.

Explanation:

When here is an increase in capital, the firm would like to produce more. So, the demand for labor would increase. Though the supply of labor would remain the same as it is not affected by the change in capital.

With the shift in the demand curve, the quantity of labor hired would increase as well. With no change in labor supply, the wage rate will increase as well.

8 0
3 years ago
"Mr. Tudor," said Judy, "Tom Pritchett suggested I contact you about our new computerized Civil War reenactment game." In this e
Grace [21]

Answer:

Referral

Explanation:

Referral is the term which is described as the act or way of telling someone  or a person regarding the positive features or attribute of the business or the person, who is being referred by the person.

For example, referral is telling someone or person that the certain business or the person having a good product or the service, and then that person visit the place.

Under this scenario, Tom referred Tudor to contact them regarding the new game. So, it is an example which the Judy uses referral method or way with Tudor.

6 0
3 years ago
How can I convince a friend to invest in a good manner
Arada [10]

Answer:

you can try your frend to sand gift on mobile

4 0
2 years ago
Read 2 more answers
When is the bargaining power of the buyer greater than that of the supplier?.
malfutka [58]

Answer:

Switching costs

Explanation:

Switching costs: If there are not many alternative suppliers available, the cost of switching is high. Therefore, buyer power would be low. Backward Integration: If the buyer is able to integrate or merge suppliers, the buyer has greater bargaining power over the existing suppliers.

5 0
2 years ago
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