Roman company leased equipment from koenig company on july 1, 2018, for an eight-year period expiring june 30, 2026. equal annual payments under the lease are $800,000 and are due on july 1 of each year. the first payment was made on july 1, 2018. the rate of interest contemplated by roman and koenig is 8%. the cash selling price of the equipment is $4,965,000 and the cost of the equipment on koenig's accounting records was $4,400,000. assuming that the lease is appropriately recorded as a sale for accounting purposes by koenig, what is the amount of profit on the sale and the interest income that koenig would record for the year ended december 31, 2018? 1. $565,000 and $166,6002. $565,000 and $198,6003. $0 and $04. $0 and $166,600

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units