On december 31, 2005, neal, inc. leased machinery with a fair value of $105,000 from frey rentals co. the agreement is a 6-year noncancelable lease requiring annual payments of $20,000 beginning december 31, 2005. the lease is appropriately accounted for by neal as a capital lease. neal's incremental borrowing rate is 11%. neal knows the interest rate implicit in the lease payments is 10%.• the present value of an annuity due of $1 for 6 years at 10% is 4.7908.• the present value of an annuity due of $1 for 6 years at 11% is 4.6959.in its december 31, 2005 balance sheet, neal should report a lease liability of

1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

Todd and jim learned that in building a business plan, it was important for them to: