Lease m does not contain a purchase option, but the lease term is equal to 91% of the estimated economic life of the leased property. lease p does not transfer ownership of the property to the lessee by the end of the lease term, but the lease term is equal to 77% of the estimated economic life of the leased property. how should the lessee classify these leases? lease m lease p a. finance lease operating leaseb. finance lease finance leasec. operating lease finance leased. operating lease operating lease

The answer is  passage 1.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?