Business, 07.05.2021 23:00 marissaa190
Magic Leasing Company leases a new machine to Zewit Manufacturing Corporation. The machine has a cost of $120,000 and a fair value of $142,000. Under the 3-year, noncancelable contract, Zewit will receive title to the machine at the end of the lease. The machine has a 3-year life and no residual value. The lease was signed January 1, 20x7. Magic expects to earn a 6% return on its investment, and this implicit rate is known by Zewit. The annual rentals are payable on each December 31, beginning December 31, 20x7. c. Prepare the journal entry at commencement of the lease for Magic.
Answers: 1
Business, 22.06.2019 03:00
Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter
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Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
Business, 22.06.2019 19:30
Consider the following two projects. both have costs of $5,000 in year 1. project 1 provides benefits of $2,000 in each of the first four years only. the second provides benefits of $2,000 for each of years 6 to 10 only. compute the net benefits using a discount rate of 6 percent. repeat using a discount rate of 12 percent. what can you conclude from this exercise?
Answers: 3
Business, 22.06.2019 19:50
What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849
Answers: 3
Magic Leasing Company leases a new machine to Zewit Manufacturing Corporation. The machine has a cos...
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