Benedict Company leased equipment to Mark Inc. on January 1, 20X1. The lease is for an eight-year period, expiring December 31, 20X8. The first of eight equal annual payments of $600,000 was made on January 1, 20X1. Benedict had purchased the equipment on December 29, 20X0, for $3,200,000. The lease is appropriately accounted for as a sales-type lease by Benedict. Assume that at January 1, 20X1, the present value of all rental payments over the lease term discounted at a 10% interest rate was $3,520,000. Required:
What amount of interest income should Benedict record in 2018 (the second year of the lease period) as a result of the lease?

Amanda works as an industrial designer

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy. b. this is a negative response strategy. c. this is a response strategy for either positive or negative risk known as contingency planning. d. this is a response strategy for either positive or negative risks known as passive acceptance.