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
Furkat [3]
3 years ago
12

On December 31, 2021, Perry Corporation leased equipment to Admiral Company for a five-year period. The annual lease payment, ex

cluding nonlease components, is $40,000. The interest rate for this lease is 10%. The payments are due on December 31 of each year. The first payment was made on December 31, 2021. The normal cash price for this type of equipment is $125,000 while the cost to Perry was $105,000. For the year ended December 31, 2021, by what amount will Perry's earnings increase due to this lease (ignore taxes)
Business
1 answer:
ivanzaharov [21]3 years ago
3 0

Answer:

$20,000

Explanation:

Calculation to determine by what amount will Perry's earnings increase due to this lease

Using this formula

Selling price=Fair value-Cost

Let plug in the formula

Selling price=$125,000-$105,000

Selling price=$20,000

Therefore The amount that Perry's earnings will increase due to this lease is $20,000

You might be interested in
PLEASE HELP!!! I I WILL GIVE BRAINLY
Nina [5.8K]
I can guarantee that these are all 100% correct. Would appreciate if you gave me a Brainliest, thx!

1. Pay yourself first
2. Savings account
3. Trade off
4. Interest
5. Interest Rate
6. Money market
7. Net income
8. Financial Goal
9. Depository Institution
10. Payroll deduction

7 0
3 years ago
Suppose you are interested in studying whether scent affects spatial reasoning abilities. You decide to test spatial reasoning u
Brilliant_brown [7]

Answer: 1. c. There are no differences in the mean completion times among the scents compared

2. Scent; Completion Time

Explanation:

The Null Hypothesis of a research is that hypothesis which you aim to disprove because it holds that no significant relationship between the variables being researched exists.

In this scenario you are studying whether scent affects spatial reasoning abilities.

The Null Hypothesis will.be that which states that there is no relationship between scent and spartial reasoning therefore there will be no differences in the mean completion times among the scents compared.

The factor of interest is the variable that is being changed to examine a difference making it the SCENT in this scenario.

The dependent variable changes due to the Factor of Interest so it is the COMPLETION TIME.

6 0
3 years ago
The population of a country was 5.1 million people in 2008. three years later, the population of the same nation was 8.9 million
Anarel [89]
The answer of the country is now 12.7 and the answer of the year is to 2024
8 0
3 years ago
what is the best strategy to avoid paying interest on your credit cards? who ever answers fast enough gets 30 points, so i'd hur
adoni [48]

Pay off your balance every month.

Explanation

Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charged

5 0
3 years ago
Read 2 more answers
You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows ar
Sliva [168]

Answer:

A. 3.21 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $7,500

In year 1 = $1,100

In year 2 = $1,640

In year 3 = $3,800

In year 4 = $4,500

If we sum the first 3 year cash inflows than it would be $6,540

Now we deduct the $6,540 from the $7,500 , so the amount would be $960 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $4,500

So, the payback period equal to

= 3 years + $960 ÷ $4,500

= 3.21 years

In 3.21 yeas, the invested amount is recovered.  

4 0
3 years ago
Other questions:
  • An active worker receives $500 every two weeks. This kind of monetary reward for work is called ______. a. compensation b. incen
    9·2 answers
  • Elemental Pharma Inc. recently acquired Crick Pharmaceuticals Inc. It now sells its own productsalong with the products original
    5·1 answer
  • Mason Automotive is an automotive parts company that sells car parts and provides car service to customers. This is Mason's firs
    6·1 answer
  • How much unused lending capacity does eternal savings have at step 4?
    12·1 answer
  • A company can save tens of thousands of dollars in the long run by converting to energy saving bulbs and instituting energy savi
    11·1 answer
  • Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level
    9·1 answer
  • In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, i
    10·1 answer
  • An investment advisor has a client base composed of high net worth individuals. In her personal portfolio, the advisor has an in
    5·1 answer
  • Miguel was asked to improve his company's report format. Many employees and clients found the reports hard
    15·1 answer
  • Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!