Odin Enterprises leased equipment to Hela Company on October 1, 2019, and properly concluded the lease was a sales-type lease. Odin used an implicit interest rate of 9% in the lease and the first of ten annual lease payments of $30,000 was due on October 1 of each year, starting in 2019. Odin had purchased the equipment for $170,000. The equipment had a residual value of $50,000 which was unguaranteed. What amount of interest revenue from the lease should Odin report in its 2019 income statement? The present value of 1 for 10 years at 9% is 0.42241. The present value of an ordinary annuity of 1 for 10 years at 9% is 6.41766. The present value of an annuity due of 1 for 10 years at 9% is 6.99525. Group of answer choices $9,044 $18,088 $4,522 $13,566
Answers: 2
Business, 22.06.2019 11:00
If the guide wprds on the page are "crochet " and "crossbones", which words would not be on the page. criticize, crocodile,croquet,crouch,crocus.
Answers: 1
Business, 22.06.2019 11:30
10. lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d incorrect
Answers: 2
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
Odin Enterprises leased equipment to Hela Company on October 1, 2019, and properly concluded the lea...
Biology, 28.07.2019 07:00
Mathematics, 28.07.2019 07:00
Biology, 28.07.2019 07:00
History, 28.07.2019 07:00
History, 28.07.2019 07:00
History, 28.07.2019 07:00
Mathematics, 28.07.2019 07:00
Mathematics, 28.07.2019 07:00