Nichols fruits leased farm equipment from king machinery on january 1, 2018. the present value of the lease payments discounted at 10% was $40 million. ten annual lease payments of $6 million are due at the beginning of each year beginning january 1, 2018. king had constructed the equipment recently for $33 million. with this lease agreement, control is considered to be transferred to the lessee at the beginning of the lease. what amount did king record as a lease receivable?

How could brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company? a: drive safely to avoid accidents and traffic citations b: wash and wax his car regularly to keep it clean c: allow unlicensed drivers to drive carelessly in his car d: incur driver's license points from breaking driving laws

Which of the following are considered needs? check all that apply

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?