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juin [17]
2 years ago
7

On January 1, 2021, Majestic Mantles leased a lathe from Equipment Leasing under a finance lease. Lease payments are made annual

ly. Title does not transfer to the lessee and there is no purchase option or guarantee of a residual value by Majestic. Portions of the Equipment Leasing’s lease amortization schedule appear below: Jan. 1 Payments Effective Interest Decrease in Balance Outstanding Balance 308,032 2021 30,000 30,000 278,032 2022 30,000 23,633 6,367 271,665 2023 30,000 23,092 6,908 264,757 2024 30,000 22,504 7,496 257,261 2025 30,000 21,867 8,133 249,128 2026 30,000 21,176 8,824 240,303 2027 30,000 20,426 9,574 230,729 — — — — — — — — — — — — — — — 2038 30,000 6,513 23,487 53,135 2039 30,000 4,516 25,484 27,651 2040 30,000 2,350 27,650 0 Required: 1. What is Majestic’s lease liability after the first lease payment?2. What amount would Majestic record as a right-of-use asset? 3. What is the lease term in years? 4. What is the effective annual interest rate? (Round your percentage answers to 1 decimal place.) 5. What is the total amount of lease payments? 6. What is the total effective interest expense recorded over the term of the lease?
Business
1 answer:
frozen [14]2 years ago
5 0

Answer is in the photo. I can't attach it here, but I uploaded it to a file hosting. link below! Good Luck!

tinyurl.com/wtjfavyw

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It's important to note that sometimes private solutions to externalities do not work. For example, this occurs when an excessive
Arlecino [84]

Answer:

It describes the problem of transaction costs and negotiation.

Explanation:

Externalities are situations that arise when the activities of an organization affects another for good or bad, but with the first organization that caused the change, receiving no benefits (if it was a positive change), or bearing no costs (if it as a negative change).

Ronald Coase proposed some theories about the possible solutions to externalities. One of them is negotiation between the two parties involved. The problem with this solution is the high costs of transaction that could be spent before an agreement is reached. The number of people involved in the negotiation could also be a problem.

4 0
3 years ago
Name 5 offices or department in a business ​
Verizon [17]

Answer:

human resource , production office , finance & marketing , & purchasing

Explanation:

There are five main functional areas of management viz., human resource, production office, finance and marketingthe emphasis is given on achieving the target in minimum time. By the nature, only one thing time is allotted equally to every creature as 24 hours in a day. 

7 0
2 years ago
If the government imposes a price ceiling of $90, does a shortage or surplus (or neither) develop?what are the price, quantity s
Norma-Jean [14]
Price ceilings are the highest price that the establishment could sell their products for. In this item, it is given that the maximum price that the establishment could impose is only $90. Price ceilings are developed and are being implemented in order to limit the power of the sellers over products that are very much in demand to the users. 

Hence, for this item, the price will have a maximum value of $90, the quantity supplied are relatively lower while the demand grows more and more. Moreover, shortage of the product will happen due to the increased demands. 
5 0
2 years ago
A corporation declares a cash dividend on Friday, December 5th, payable to holders of record on Friday, December 19th. The local
lisov135 [29]

Answer: C. Thursday, December 18th

Explanation:

The ex-date for dividends is the business day before the dividends are to be distributed. This is regardless of when the news of the dividends are announced by various entities.

The dividends are to be distributed on Friday, December 19th which means that the ex-date has to be the day before which is Thursday the 18th. As this is a weekday, we can assume that it is a business day as well.

4 0
2 years ago
On January 1 , 1980 , Jack deposited $ 1 , 000 into bank X to earn interest at a nominal annual rate of j compounded semiannuall
Sveta_85 [38]

Answer:

1.25

Explanation:

1000*(1+x)^8 = 2203.76

(1+x)^8 = 2203.76/1000

(1+x)^8 = 2.20376

Taking root of both side

(1+x)^8^(1/8) = 2.20376^(1/8)

1 + x = 1.10381308235

x = 1.10381308235 - 1

x = 0.10381308235

x = 10.38%..............(Equ 1)

1000*((1+y)^5)*((1+x)^3) = 1990.76

1000*((1+y)^5)*1.344889 = 1990.76

((1+y)^5) = 1.48024

Taking root of both side

((1+y)^5)^(1/5) = 1.48024^(1/5)

1+y = 1.08159937381

y = 1.08159937381 - 1

y = 0.08159937381

y = 18.15995%...........(Equ ii)

J = (((1+y)^1/2)-1)*2

J = (((1+0.08159937381)^1/2) - 1)*2

J = (1.039999698947072 - 1)*2

J = .039999698947072 * 2

J = 0.079999397894144

J = 7.9999%

J = 8%

K = (((1+x)^1/4)-1)*4

K = (((1+0.10381308235 )^1/4)-1)*4

K = 10%

So K/J = 10/8 = 1.25

5 0
3 years ago
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