On december 31, 2017, reagan inc. signed a lease with silver leasing co. for some equipment having a seven-year useful life. the lease payments are made by reagan annually, beginning at signing date. title does not transfer to the lessee, so the equipment will be returned to the lessor on december 31, 2023. there is no purchase option, and reagan guarantees a residual value to the lessor on termination of the lease.

reagan's lease amortization schedule appears below:

dec. 31
payments
interest decrease in
balance outstanding
balance
2017 $ 519,115
2017 $ 90,000 $ 90,000 429,115
2018 $ 90,000 $ 17,165 72,835 356,280
2019 $ 90,000 14,251 75,749 280,531
2020 $ 90,000 11,221 78,779 201,752
2021 $ 90,000 8,070 81,930 119,822
2022 $ 90,000 4,793 85,207 34,615
2023 $ 36,000 1,385 34,615 0

what is the amount of residual value guaranteed by reagan to the lessor?

multiple choice

$1,385.

$34,615.

$36,000.

cannot be determined from the given information.

Why should you not sign the tenant landlord agreement quickly and immediately

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na