Larkspur Fashion Company enters into a lease arrangement with Highpoint Leasing for 5 years. Larkspur agrees to pay 6% of its net sales as a variable lease payment. Larkspur does not pay any fixed payments. Larkspur is a highly successful company that has achieved over $1,200,000 in net sales over the last 7 years. Both Larkspur and Highpoint forecast that net sales will be a much greater amount than $1,200,000 in subsequent years. As a result, it is highly certain that Larkspur will make payments of at least $72,000 ($1,200,000 × 6%) each year. What is the lease payment amount Larkspur should use to record its right-of-use asset? Lease payment

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively