Blossom Corporation enters into a 6-year lease of equipment on December 31, 2016, which requires 6 annual payments of $39,800 each, beginning December 31, 2016 In addition, Blossom guarantees the lessor a residual value of $21,100 at the end of the lease. However, Blossom believes it is probable that the expected residual value at the end of the lease term will be $11,100. The equipment has a useful life of 6 years. Assume that for Lost Ark Company, the lessor, collectibility of lease payments is probable and the carrying amount of the equipment is $160,000 Prepare Lost Ark's 2016 and 2017 journal entries, assuming the implicit rate of the lease is 10% and this is known to Blossom.

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u. s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.