On december 31, 2005, neal, inc. leased machinery with a fair value of $105,000 from frey rentals co. the agreement is a 6-year noncancelable lease requiring annual payments of $20,000 beginning december 31, 2005. the lease is appropriately accounted for by neal as a capital lease. neal's incremental borrowing rate is 11%. neal knows the interest rate implicit in the lease payments is 10%.• the present value of an annuity due of $1 for 6 years at 10% is 4.7908.• the present value of an annuity due of $1 for 6 years at 11% is 4.6959.in its december 31, 2005 balance sheet, neal should report a lease liability of

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.