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Olenka [21]
3 years ago
9

Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The following information relates to t

he lease agreement.
1. The term of the lease is 7 years with no renewal option, and the machinery has an estimated economic life of 9 years.
2. The cost of the machinery is $520,000, and the fair value of the asset on January 1, 2020, is $737,000.
3. At the end of the lease term, the asset reverts to the lessor and has a guaranteed residual value of $60,000. Blue estimates that the expected residual value at the end of the lease term will be 60,000. Blue amortizes all of its leased equipment on a straight-line basis.
4. The lease agreement requires equal annual rental payments, beginning on January 1, 2020.
5. The collectibility of the lease payments is probable.
6. Blossom desires a 10% rate of return on its investments. Blue’s incremental borrowing rate is 11%, and the lessor’s implicit rate is unknown.

(Assume the accounting period ends on December 31.)

Compute the value of the lease liability to the lessee. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,972.)

Present value of minimum lease payments
$ ?
Business
1 answer:
Serhud [2]3 years ago
4 0

Explanation:

Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The following information relates to the lease agreement.

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Lila Miller, who works for a large software firm, is four months pregnant and due for a promotion. However, her employer offers
Ludmilka [50]

Answer: D) Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Explanation:

Based on the information given in the question, we can infer that Lila's employer has violated Title VII of the Civil Rights Act of 1964.

Title VII of the Civil Rights Act of 1964 simply protects employees against firm of discrimination that are based on sex, color, race, national origin, and religion.

Since Lila is pregnant and due for promotion but the promotion was given to Harry, she has been discriminated upon based on her sex.

Therefore, the correct option is D.

3 0
3 years ago
If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other e
Aleksandr [31]

As the output is increased or decreased, these (B) fixed costs remain unchanged.

<h3>What are fixed costs?</h3>
  • Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are independent of the volume of goods or services generated by the business.
  • They are usually recurrent, such as monthly interest or rent.
  • These expenses are frequently capital expenses.
<h3>Explanation -</h3>
  1. Dependent refers to a variable that changes when other factors change.
  2. Fixed cost refers to a cost that doesn't change when the number of goods produced increases or decreases.
  3. Opportunity cost refers to the benefit that you would have received from the option that was not chosen.
  4. Marginal cost refers to the change in the cost when you produce an additional unit.
  5. According to this definition and as the statement refers to a cost that doesn't change.

Therefore, as the output is increased or decreased, these (B) fixed costs remain unchanged.

Know more about fixed costs here:

brainly.com/question/3636923

#SPJ4

Complete question:

If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As the output is increased or decreased, these _______ costs remain unchanged.

a. dependent

b. fixed

c. opportunity

d. marginal

5 0
2 years ago
Make or BuyBlasingham Company is currently manufacturing Part Q108, producing 35,000 units annually. The part is used in the pro
muminat

Explanation:

The computation is shown below:

Particulars                   Cost Per unit in ($)

Direct Materials           $6

Direct Labor                  $2  

Variable Overhead  $1.5

Fixed Cost  ($77000 ÷ 35,000 units) $2.2

Total Cost per unit                                 $11.7

So,

1. He will buy the product as it is a saving of $0.7 ($11.7 - $11)

2) The most price willing to pay is $11.7

3) And, There is increase in income by $24,500 by multiply the 35,000 units with the $0.7 per unit in case of buying the part

7 0
3 years ago
PLEASE! I need help :): will mark brainliest! Describe Sinek's Golden Circle. What does he use this for? Sinek argues that "peop
algol [13]

Explanation:

Sinek's Golden Circle can be described as a methodology used to analyze marketing campaigns of the company itself and its competitors. It is widely used by advertisers and marketers. The methodology consists of drawing a graph in a target format that indicates from the center the questions: why, how and what.

Senek uses this graph to present a different way of communicating, what he means by that is that people are encouraged to buy not only the company's product, but its values, its causes, what you believe and why that your company exists.

I agree with him because the organizational image and its values ​​are important to the consumer as much as the product or service, because people want to consume value, positive experiences and emotions, therefore they will want to establish a relationship with companies that share the same your personal values.

In the organizational environment it is also important to hire professionals who share the same values ​​as the company, so that work becomes more motivating and productive, in addition to creating an aligned organizational culture that will help the company to be successful both internally and externally.

The Tivo company is an example of a company that tried to use the golden circle strategy but failed because it proposed a value proposal that made sense, because what it promised did not match the value it could offer, so it was a failed strategy.

Therefore, organizational values ​​must be shared by all employees in an organization, starting with the leader, different from those who lead, a true leader is one willing to set an example of how organizational values ​​should be fulfilled, it is necessary that he is willing to help employees, to be ethical and a motivational mirror for everyone in the company, not just a controlling and authoritarian manager who imposes fear and makes it difficult to create a productive and motivating organizational culture.

Security needs are also an important factor in organizations and represent the second level of the Maslow pyramid, in terms of the need that employees have to protect their values, their work, their emotional, job stability, insurance health insurance, life insurance, etc.

To make the work environment safe it is necessary to have employee protection policies, health benefits and life insurance, ease of doing work, physical security, etc.

Maintaining job security helps with motivation, innovation, employee loyalty and reduced turnover, which helps employees feel valued by the company and motivated to be more productive and loyal to their work.

3 0
3 years ago
St. Vincent's, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on t
tatyana61 [14]

The overhead cost that should be allocated to Zeta via activity-based costing is $356,000.

The following formula for determining the overhead cost allocated to Zeta:

= Zeta pool no 1 ÷ total pool no 1 × pool cost + zeta pool no 2 ÷ total pool no 2 × pool cost + zeta pool no 3 ÷ total pool no 3 × pool cost

= 2,800 ÷ 4,000 × $160,000 + 55 ÷ 100 × $280,000 + 750 ÷ 3,000 x $360,000

= $356,000

Therefore we can conclude that the overhead cost that should be allocated to Zeta via activity-based costing is $356,000.

Learn more about the overhead here: brainly.com/question/11950737

6 0
3 years ago
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