Answer:
Equipment 255,667 debit
Lease Liability 255,667 credit
Explanation:
The company will post the equiptment int accounting as the same value of the discounted lease payment.
C 20,000
time 25
rate 0.06
PV $255,667.1232
On each year-end the company will recognize the interest expense and the payment of 20,000 dollars
By the end of the lease, there will be no lease liability as all payment were made
The interest rate and how well the product is selling.
Answer:
- A. The data in D3 is skewed right.
- B. Three quarters of the data values for D2 are greater than the median value for D1 .
- E. At least a quarter of the data values for D3 are less than the median value for D2 .
Explanation:
A Box Plot can be interpreted as follows;
The first point on the line is the minimum value.
The first end of the box is the First Quartile of the data range.
The next line is the Median.
The last end of the box is the Third Quartile.
The last point on the line is the maximum value.
Most of D3 lies on the right side of Median so it is skewed right.
The First Quartile of D2 is more than the Median of D1 which means that 3 quarters of D2 (first quartile to the maximum value) are greater than the median of D1.
D2's Median value is greater than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median so option E is correct.
Answer:
D) $8,200 favorable
Explanation:
Hockey Accessories Corporation manufactured 21,600 duffle bags during March. The following data pertain to March:
Actual Static Budget
Production 21,600 units 22,000 units
Machine hours 1,150 hours 2,200 hours
Fixed overhead costs $ 84,200 $ 92,400
What is the amount of fixed overhead spending variance?
Hockey Accessories Corporation estimated its fixed overhead costs at $92,400, but the actual overhead costs were only $84,200. The difference between estimated and actual costs is $8,200 favorable variance (= $92,400 - $84,200) since the fixed overhead costs were lower than estimated.
Answer: He could borrow from one of the following options:
(a) $18,605
(b) $11,428
(d) $20,000
Explanation:
If Owen borrows $18,605
Bank interest rate = 7.1% of $18,605
=7.1/100 ×$18,605
=$1, 320.955
Owen's debt at his bank=
$18,605+$1,320.9555 =
$19,925.955
When Owen receives the trust fund of $25,000, he can pay his debt and still has $5,074.045 with him.
If Owen borrows $11,428
Bank interest rate = 7.1% × $11,428
=$811. 388
Owen's debt at his bank=
$811.388+$11,428 =
$12,239.388
When Owen receives the trust fund of $25,000, he can pay his debt and still has $12,760.612 left with him.
If Owen borrows $20,000
Bank interest rate =7.1% of $20,000
=7.1/100 ×$20,000
=$1, 420
Owen's debt at his bank=
$20,000 + $1,420 = $21,420
When Owen receives the trust fund of $25,000, he can pay his debt at his bank and still has $3,580 left with him.