subject
Business, 22.04.2020 04:31 EnternalClipz

On January 1, 2017 Princess Corporation leased equipment to King Company. The lease is for 8 years. Equal payments of $675,000 were made annually, starting on January 1, 2017. The equipment cost Princess Corporation $3,600,000. The present value of the minimum lease payments is $3,960,000. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 10%, how much interest revenue will Princess record for the year 2018 on this lease

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 07:50, pattydixon6
The questions of economics address which of the following ? check all that apply
Answers: 3
image
Business, 22.06.2019 15:30, thall5026
Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.
Answers: 3
image
Business, 23.06.2019 10:00, dianamunoz580
Avillage levied property taxes of $910,000 for calendar year 2019 on january 1, 2019 and immediately set up an allowance of $10,000 for uncollectible taxes. the village collected $870,000 in cash during 2019. it expected to collect $22,000 of the unpaid taxes during the first 60 days of 2020 and an additional $8,000 during the rest of 2020. how much should the village recognize as property tax revenues in its 2019 general fund financial statements? a) $870,000 b) $892,000 c) $900,000 d) $910,000
Answers: 1
image
Business, 23.06.2019 12:00, rene27
Whats a person that is involved in the business of buying and selling home
Answers: 2
You know the right answer?
On January 1, 2017 Princess Corporation leased equipment to King Company. The lease is for 8 years....

Questions in other subjects:

Konu
English, 22.12.2021 14:00
Konu
World Languages, 22.12.2021 14:00