subject
Business, 02.07.2019 04:10 zavalaaria

Peg co. leased equipment from howe corp. on july 1, 2013, for an eight-year period expiring june 30,2021. equal payments under the lease are $600,000 and are due on july 1 of each year. the first payment was made on july 1, 2013. the rate of interest contemplated by peg and howe is 10%. the cash selling price of the equipment is $3,520,000, and the cost of the equipment on howe's accounting records is $2,800,000. the lease is appropriately recorded as a sales-type lease. what is the amount of profit on the sale and interest revenue that howe should record for the year ended december 31, 2013? profit on sale interest revenuea. $ 45,000 $146,000b. $ 45,000 $176,000c. $720,000 $146,000d. $720,000 $176,000

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:30
How did lani lazzari show her investors she was a good investment? (site 1)
Answers: 3
question
Business, 22.06.2019 03:50
Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince
Answers: 1
question
Business, 22.06.2019 10:10
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
question
Business, 22.06.2019 19:20
Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.
Answers: 1
You know the right answer?
Peg co. leased equipment from howe corp. on july 1, 2013, for an eight-year period expiring june 30,...
Questions
question
Mathematics, 30.08.2019 06:00
Questions on the website: 13722362