On january 1, year 1, bear company leased an asset to cub company and appropriately accounted for the lease as a direct financing lease. the asset has a fair value of $36,000 and a carrying amount of $30,000. the lease has an implicit rate of 6% and a third-party guaranteed residual value of $5,000. the lease term is three years, and the asset has a five-year useful life. lease payments of $11,897 are due at the end of the year, and the present value factor of an ordinary annuity at 6% for three years is 2.67301. the present value of a single sum at 6% and three years is .83962. assume a rate of 15.85% amortizes the net lease receivable to zero over the lease term. what amount should bear record as the amortization of deferred gross profit associated with the first lease payment made december 31, year 1?

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?