Business, 24.03.2020 22:36, ajbrock1004

Minnetonka Company leases an asset. Information regarding the lease:
Fair value of the asset: $400,000.
Useful life of the asset: 6 years with no salvage value. Lease term is 5 years. Annual lease payments are $60,000
Implicit interest rate: 11%.
Minnetonka can purchase the asset at the end of the lease period for $50,000.

What type of lease is this?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 23.06.2019 00:20, 218219

Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?

Answers: 1

continue

Business, 23.06.2019 12:30, kkmwkk031

Which of the following is true of the strategy of planned and unplanned change in global marketing? a) cultural congruence involves deliberately changing certain aspects of culture to meet marketing goals. b) all marketing efforts require planned or unplanned change in order to be accepted. c) planned change involves marketing products similar to the ones already on the market. d) the first step in bringing about planned change in a society is to remove obstacles for acceptance of a product. e) social planners gained the acceptance of protein-rich diets among the peoples of underdeveloped societies using the strategy of planned change.

Answers: 2

continue

Business, 23.06.2019 13:30, mimithurmond03

During a meeting, tammy, a branch manager for usa bank, pointed to the corporate organization chart on the wall. tammy remarked that "these people provide advice, recommendations, and research for us, and they are indicated with a dotted line. laura (our ceo) and the vice presidents of our organization are up here, indicated on the organization chart by a solid line vertical line." are indicated on the organization chart by a solid line and are indicated by a dotted line. a. line managers; temporary personnel b. line managers; personnel in training c. staff personnel; vital personnel d. line managers; part-time personnel e. line managers; staff personnel

Answers: 2

continue

Business, 23.06.2019 15:30, liv696

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

Answers: 2

continue

Do you know the correct answer?

Minnetonka Company leases an asset. Information regarding the lease:
Fair value of the asset:...