Answer:
Explanation:
The present value of lease payments is approx $29000000
Fair Value at the time of lease agreement is $15000000
% lease payment to fair value of building =$29000000/$15000000*100=193.33%
Lease of newly constructed building is a capital lease as total lease payments exceeds 193% of the lease asset fair value.
Lease term % based on estimated useful life of building is 30/40 =75%
Lease is a capital lease as lease term is for a period 75% of estimated life of lease asset.
a) Journal Entries
Date Account Title Dr Cr
Expenditure $29000000
To Cash $1,796,659
To Other Financial Sources $27,203,341
Capital lease Agreement To record capital lease and down payment
Buildings $29000000
To Cash $1,796,659
To Capital lease obligations $27,203,341 Payable to record capital lease and lease payments payable
Answer:
Reachable
Explanation:
The reason is that the customer segment is not reachable because it is very difficult for the person access its customer and negotiate the terms and conditions along with its product offering. Furthermore, it is also very difficult for the Ryan to carry out a market research because of the issue that he cann't access his customers and hence he can't form an opinion that whether or not they must invest in this opportunity.
Answer:
The answer is 62% (B)
Explanation:
The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.
Also, I just got this question and I got it correct.
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Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
=
=
As we know,
⇒ By substituting the values, we get
⇒
⇒
⇒