Tamarisk Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. The normal selling price of the machine is $461,379, and its guaranteed residual value at the end of the non-cancelable lease term is estimated to be $14,600. The hospital will pay rents of $55,800 at the beginning of each year. Tamarisk incurred costs of $257,000 in manufacturing the machine and $14,800 in legal fees directly related to the signing of the lease. Tamarisk has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 5%. Prepare all of the lessor's journal entries for the first year.

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a. anne is a qualifying child of catherine. b.anne is not a qualifying child of catherine because she fails the gross income test. c.anne is not a qualifying child of catherine because she fails the residence test. d.anne is not a qualifying child of catherine because she fails the support test.

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.