The city of morehead leased equipment. the life of the noncancellable lease is 10 years. using an 8 percent interest rate, the present value of the lease payments is $905,861. the first payment of $125,000 is due when the lease begins, january 10, 2017. an additional payment of $125,000 is due on january 10th for each of the next 9 years. prepare journal entries to record:

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing