Larkspur Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $104,800 to manufacture. The lease agreement covers the 5-year useful life of the drone and requires 5 equal annual rentals of $37,400 payable each December 31, beginning December 31, 2019. An interest rate of 7% is implicit in the lease agreement. Collectibility of the rentals is probable. Prepare Larkspur’s December 31, 2019, journal entries
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Answer:
First find the present value of the lease. Payments are constant and fixed so this is an annuity. As it is to be paid from the beginning, it is an Annuity due.
= Annuity * Present value interest factor of annuity due, 5 years, 7%.
= 37,400 * 4.3872
= $164,081
Date Account Details Debit Credit
Dec. 31, 2019 Lease Receivable $164,081
Cost of goods sold $104,800
Sales $164,081
Inventory $104,800
Date Account Details Debit Credit
Dec. 31, 2019 Cash $37,400
Lease Receivable $37,400
Related Questions
An entity that seeks to earn a profit by providing a good or service is known as a(n)?
Answers
An entity that seeks to earn a profit by providing a good or service is known as a business.
See the explanation below
What is the concept of a business?Simply put, a business is any enterprise established with the aim of making money or profit. A business can sell goods or provide services to customers or clients, although a business can operate for a long without making profits.
However, a point will come when there is no loss and no gain, this is when the business is said to have broken even.
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How much did the quantity of lemons increase if the price elasticity of supply of lemons is 222, and how is that elasticity interpreted
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The increase in quantity of lemons would also depend on the change in price, given that the price elasticity of supply is 222.
What is price elasticity?Price elasticity of demand measures how much a product's consumption changes in response to price changes. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes. The pricing of some items are particularly inelastic, according to economists. In other words, neither a price decrease nor an increase in price significantly affect demand. For instance, the price-elasticity of demand for gasoline is low. Drivers, as well as airlines, the trucking industry, and practically every other buyer, will continue to make as many purchases as necessary.Mathematically expressed, Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price.
Therefore, The increase in quantity of lemons would also depend on the change in price.
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Answer:
20% elastic
Explanation:
It is the correct answer trust me I am not lying to you. You will get it correct.
A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to the dealership, though, the salesperson can't find that particular car on the lot. Maybe it was sold this morning before he got in. The salesperson offers a higher-priced car. This is called _______.
Answers
The salesperson offers a higher-priced car. This is called Bait Pricing.
What is Bait Pricing?Bait pricing is a marketing technique that involves tricking consumers into believing they will have to pay less for a more expensive product. The phrase "bait-and-switch pricing" is shortened to this. This strategy promotes prices that are frequently unexpectedly cheap, or at least significantly lower than those that are typically offered in the market. Many times, a company would promote a product at an extremely low price just to later admit that the original item displayed is not actually available. It might be replaced with a more expensive alternative. There are various situations when the use of bait pricing can result in legal action.Rock-bottom price is the lowest level price of the sports utility level. The car dealer advertises the vehicle at that price. And after going through the advertisement, getting the dealership, the salesperson can't find that particular car, this is called Bait Pricing.
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What is the main goal of real estate investing?
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Answer:
The big goal of real estate investing is to increase your cash, otherwise known as building capital.
According to the text, firms encounter rising costs when they attempt to produce more in the same time period. As a consequence, they must be offered a higher price to be willing to incur these higher costs. The resulting relationship between price and quantity supplied is:.
Answers
The resulting relationship between price and quantity supplied is called-
Law of Supply and this is a direct ( or positive ) relationship.
The law of supply states that there is a positive relationship between the
price and the quantity supplied.
What is meaning of law of supply?Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market.The law of supply summarizes the effect price changes have on a producer's behavior. For example, a business will make more of a good (such as TVs or cars) if the price of that product increases. So, if the price of TVs increases, TV producers are incentivized to produce more of them.
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The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $ 11,400 12% Quarterly Elaine 14,400 6 Semiannually George 21,400 8 Annually Kramer 17,400 10 Annually Required: 1-a. Calculate the future value at the end of five years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) 1-b. Who has the greatest investment accumulation
Answers
Jerry's future value is $24,978.80
Elaine future value is 19,352.40
George future value is 31,443.62
Kramer future value is 28,022.87
Kramer has the greatest investment accumulation because he earned the highest interest.
What are the future values?The formula for calculating future value:
FV = P (1 + r)^nm
FV = Future value P = Present value R = interest rate m = number of compoundingN = number of yearsJerry : 11,400 x ( 1 + 0.12/4)^(4 x 5) = 24,978.80
Elaine : 14,400 x (1 + 0.06/2)^(2 x 5) = 19,352.40
George: 21,400 x (1.08)^5 = 31,443.62
Kramer : 17,400 x (1.10)^5 = 28,022.87
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Answer:
Jerry : 11,400 x ( 1 + 0.12/4)^(4 x 5) = 24,978.80
Elaine : 14,400 x (1 + 0.06/2)^(2 x 5) = 19,352.40
Explanation:
I am not understand the formula to get this process done. I know that Jerry is quarterly and Elaine is semiannually? please help me with this
True or false: Saving files to provide an audit trail and review any remediations is not at all critical.
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This is false. Saving files to provide an audit trail and review any remediations is not at all critical.
What is the audit trail?This is the term that is used to refer to the record of changes that have occurred in a given database.
The audit trail is used to show the sequence of activities that have taken place that may have an effect in the database.
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The cost structures of a monopoly have ____________ relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.
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The cost structure of the monopoly have the same relationship.
A monopoly is a single corporation that controls an industry. A monopoly can form organically or be imposed by the government for certain reasons. A corporation, on the other hand, might obtain or retain a dominant position by unfair actions that limit competition and deprive customers of choice.
A monopolist produces less and sells it for more than a completely competitive enterprise. The customers who desire the monopolist's output pay a high price for the monopolist's actions. The limiting of industry production is the primary cost of monopoly.
As a result, monopolistic cost structures exhibit the same correlations between fixed costs, variable costs, marginal costs, and average cost values as pure competition.
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Benny is considering investing in Larkman, Inc. The current price of Larkman is $62 a share, the after-tax earnings are $37,900,000, and there are 13,000,000 outstanding shares of common stock. What is Larkman's price/earnings ratio
Answers
Option B. 21.3 is Larkman's price/earnings ratio.
Common stock is a type of stock issued to the majority of a company's shareholders. Common shareholders enjoy certain rights that the other party to the preferred stock does not have. Instead of receiving regular payments, ordinary shareholders derive value from their stock as the company grows.
In other words, it's a way to split ownership of a company. Common stock represents the percentage of ownership of a company. For example, if a company has 100 issued shares, one share is equivalent to 1% of the company's ownership.
Common stock is a type of security that represents ownership of a company. There are other terms that correspond to common stock, such as B. Common stock, common stock, and voting stock.
Your question is incomplete. please read below to find the full content.
Benny is considering investing in Larkman, Inc. The current price of Larkman is $62 a share, the after-tax earnings are $37,900,000, and there are 13,000,000 outstanding shares of common stock. What is Larkman's price/earnings ratio?
a. 15.5
b. 21.3
c. 4.77
d. 17.6
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True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.
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False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling
Controlling involves determining if goals have been followed and taking corrective measures
Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.
The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.
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If a firm has two divisions and one division is riskier than the other, what would be the potential result if the firm used its overall wacc to evaluate the projects in both divisions?
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If a firm uses an overall WACC for both the projects this will have impact on both the projects as the riskier project will show positive result as the WACC will be lower as compared to what should be and the less riskier project will show negative results as compared to when calculated with own WACC.
What is Interest Rate?Interest rate is the rate of borrowing in the market, however to calculate WACC this interest rate is adjusted with other factors such as, the risk of the project or company.
The risk have a significant effect over the WACC and therefore it is highly recommended that project specific WACC is used.
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Pair Programming in Perspective: Effects on Persistence, Achievement, and Equity in Computer Science
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Answer:
Pair programming is a form of collaborative learning in computer science that involves two students working together on a coding project. Pair programming may also facilitate interactions that improve the climate for women and student of colors, there by reducing equity gaps in achievements and persistence .
Effects on persistence :
Pair programming improves design quality ,reduces defects , reduces staffing risk, enhances technical skill, improves team communications and is considered more enjoyable at statistically significantly levels .
Achievements of pair programming :
More efficient it puts two programmers to develop a single program .
Fewer coding mistakes , it allows the driver to remain focus on the code begin written.
An effective way to share knowledge it allows programmers to get instant face to face instructions .
Equity in computer science :
Is an agile software development technique originating from extreme programming in which two developers team together on one computer .
The two people work together to design , code and text user stories .
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A group of nations or companies that band together to act as a monopoly is known as a(n)_____cartel.
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It is known as cartel.
A cartel is a group of separate firms or organizations that band together to fix the price of a product or service. Cartels compete in the same industry and strive to minimize competition by setting prices in accordance with one another.
Cartels employ tactics such as supply reduction, price fixing, collusive bidding, and market carving. Cartels are regarded unlawful and advocates of anti-competitive behavior in the majority of regions. Cartel actions typically harm customers through rising pricing and a lack of transparency.
Therefore, the answer is cartel that creates monopoly.
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A homeowner from State A hired a contractor from State B to build a vacation home for her in State C. The parties signe
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The following facts is most relevant to the court's decision on the homeowner's motion : The contractor removed the case to the federal court for State A.
INTERPRETATION-
The commencement of the action in State A is most relevant. When a case is removed from state court to federal court, venue is set in the federal district court that embraces the state court in which the action was pending, making the federal district court of State A the only appropriate venue choice.
Thus, (C) is the correct answer because the most (indeed, only) relevant fact is the fact that the action was commenced in a court of State A.
In answer choice (B)
Unlike cases commenced in federal court, in cases removed to federal court, the residence of the defendant contractor.
In answer choices (A) and (D)
The place where a substantial part of events relating to the claim occurred are irrelevant.
Therefore we can conclude that the correct choice is C.
Your question is incomplete, but most probably your full question was:
A homeowner from State A hired a contractor from State B to build a vacation home for her in State C:
A. The parties signed the contract in State A.
B. The contractor breached the contract, and the homeowner sued the contractor in a court of State A, seeking damages of $100,000.
C. The contractor removed the case to the federal court for State A.
D. The homeowner promptly moved to remand the case to state court, arguing that venue was improper.
Which of the following facts is most relevant to the court's decision on the homeowner's motion?
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Instead, if you make quarterly payments of $800, how much will you have saved in 10 years?
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$32,000 will be the savings amount after 10 years. Savings are the funds that remain after subtracting a person's consumer spending from their disposable income during a specific time period. Savings, then, is what's left over after all bills and commitments have been fulfilled for an individual or household.
Cash or cash equivalents (such as bank deposits) are used to store savings since they carry no danger of loss but also offer very low returns. Savings can increase through investing, but doing so involves putting money at risk. One is considered to be living paycheck to paycheck if they are unable to keep savings.
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In terms of commonly traded organizational currencies, providing friendship, giving emotional backing, and listening to others' concerns and issues are examples of _______-related currencies.
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In terms of commonly traded organizational currencies, giving a task that could result in a promotion, acknowledging someone's effort and accomplishments, and providing opportunities for linking with others are examples of e. Position-related -related currencies.
Foreign money is a kind of money and medium of change. Currency consists of paper, cotton, or polymer banknotes and metal coins. States generally have a monopoly on the issuing of forex, although some states have percentage currencies with different states.
Kuwaiti Dinar is ranked the top maximum currency in the world in 2022. it is also taken into consideration the best and most powerful inside the world today. Kuwait is a rustic recognized for its first-rate exploits in the oil enterprise. It has a globally solid economic system.
Appearance up foreign money in Wiktionary, the unfastened dictionary. A currency is the standardization of money in any shape, in use, or circulates as a medium of alternate, for example, banknotes and coins.
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In terms of commonly traded organizational currencies, giving a task that could result in a promotion, acknowledging someone's effort and accomplishments, and providing opportunities for linking with others are examples of p[tion(e) i.e, Position-related -related currencies.
A form of currency and a means of exchange is foreign money. Paper, cotton, or polymer banknotes and metal coins make up the money. Although some states have percentage currencies with other states, states typically have a monopoly on the issuance of foreign exchange.
In 2022, the Kuwaiti dinar is predicted to be the most valuable currency in the world. It is also regarded as the best and most powerful in the modern world. Kuwait is a nation renowned for its outstanding achievements in the oil industry. It has a sound economic structure worldwide.
A currency is the uniformization of money in any form that is in circulation or is used as an alternative means of exchange, such as banknotes and coins.
The complete question is:
In terms of commonly traded organizational currencies, giving a task that could result in a promotion, acknowledging someone's effort and accomplishments, and providing opportunities for linking with others are examples of ______-related currencies.
a. Relationship
b. Personal
c. Inspiration
d. Task
e. Position
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The Hoyt and Burgess models of land use both assume that __________. A. growth expands in zones along railroads and highways B. perishable items are grown closest to the city center C. the wealthy live in the outermost ring D. the central business district is the epicenter
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The divergence between an option's intrinsic value and its market value is usually greatest when ___________________. Group of answer choices the option is far out of the money the option is approximately at the money time to expiration is very low the option is deep in the money
Answers
The divergence between an option's intrinsic value and its market value is usually greatest when the option is approximately at money.
What is option's intrinsic value?The value an option would have today if it were exercised is referred to as its intrinsic value. Basically, the intrinsic value is the difference between the strike price of an option being profitable or in-the-money and the market price of the stock.
How to calculate option's intrinsic value?Depending on whether the option is a call or a put, the intrinsic value is determined differently; nevertheless, the strike price of the option and the value of the underlying asset are always used:
Call options that are profitable: Price of Underlying Asset - Strike Price = Intrinsic ValuePut options that are in the black Strike Price - Underlying Asset Price = Intrinsic ValueLearn more about option's intrinsic value refer here:
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You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept:
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You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept people usually exploit opportunities to make themselves better off.
Recreation includes all of the pursuits people make for the purpose of renewing their bodies and brains and adding interest and enjoyment to their free time. Exercises like walking, swimming, meditating, reading, playing games, and dancing are examples of leisure activities.
At its most fundamental level, economics aims to explain how and why we choose the products we do. Scarcity, supply and demand, costs and benefits, and incentives are four fundamental economic ideas that can be used to explain a variety of human decisions.
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What is it called when a project manager involves stakeholders in decision-making to reach a broader consensus?
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Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
What is Stakeholder buy-in?Stakeholder are important people in the business or company.
They usually have a share in a business or organization. Some of them are committed to a company with their substance and are usually involved when making important decision.
Therefore, Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
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Large conglomerates that combine many different financial institutions within a single corporation are known as________.
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Large conglomerates that combine many different financial institutions within a single corporation are known as financial services corporations. a company that offers a variety of financial services, such as commercial banking, insurance, and brokerage. The economy is divided into a number of distinct categories known as sectors.
These industries are made up of various businesses that provide consumers with goods and services. Institutions in the same industry are grouped together because they offer comparable goods or services. Businesses that provide agricultural services, for example, make up the agricultural industry. Businesses that provide mobile or cellular telephone services are classified in the telecommunications industry.
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An investor claims a prospectus contained an untrue statement. For purposes of bringing a civil suit for liability under Section 12 of the Securities Act of 1933, and claiming damages, the information must have been untrue at what time
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An investor claims a prospectus contained an untrue statement. For purposes of bringing a civil suit for liability under Section 12 of the Securities Act of 1933, and claiming damages, the information must have been untrue at the time of sale.
What Is the Securities Act of 1933?Following the 1929 stock market disaster, the Securities Act of 1933 was developed and enacted into law to safeguard investors. The Act had two main objectives: to establish regulations against deception and fraudulent activity in the securities markets; and to ensure greater transparency in financial statements so that investors may make informed investment decisions.
Securities Exempt from SEC Registration
The Act's registration requirement does not apply to all securities offerings. These incorporate:
Intrastate products and servicesLimited-size offeringsMunicipal, state, and federal government-issued securitiesPrivate offerings to a select few people or organizations.The Securities Act of 1933 also sought to outlaw false statements and deception. The measure aims to end fraud that occurs during the sale of securities.
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Greg earned $25,500 in 2021 and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he:
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Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.
What is total tax liability?The total amount of tax debt owing by an individual, corporation, or other entity to a taxation authority such as the Internal Revenue Service is referred to as tax liability (IRS). Tax responsibilities include income taxes, sales taxes, and capital gains taxes.Your gross tax liability is equal to your taxable income minus your tax deductions. Your total income tax burden equals your gross tax liability less any tax credits you are qualified for.The key to lowering your tax liability is to reduce the percentage of your gross income that is subject to taxation. Consider raising your retirement savings. Investing pre-tax cash in an employer-sponsored retirement plan, such as a 401(k), is a simple way to lower your taxable income for the year.Therefore, assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.
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Which of the following procedures would allow you to make a spectrum of the Sun similar to the one shown, though with less detail
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If you put a narrow beam of sunlight through a prism, the prism will bend different light wavelengths differently, allowing the sun's white light to diffuse into a rainbow of hues.
Dark lines known as absorption characteristics can be seen against the spectrum's brighter background.
What is Splitting of Light?If you put a narrow beam of sunlight through a prism, the prism will bend different light wavelengths differently, allowing the sun's white light to diffuse into a rainbow of hues.Dark lines known as absorption characteristics can be seen against the spectrum's brighter background.By having differing optical densities, different materials can be recognized from one another.The tendency of a substance to slow down light as it travels through it is simply measured by the optical density. As was previously said, a light wave passing through a transparent substance interacts with its atoms.When a light wave strikes an atom of the substance, that atom absorbs the light wave.know more about Splitting of Light https://brainly.com/question/13089084
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In the absence of urban manufacturing jobs, low wage service sector jobs have emerged to meet the needs of corporations. Low wage service jobs often face some of the lowest wages and poorest working conditions. People employed in these occupations are described as:
Answers
People employed in these occupations are described as low-skilled minorities .
What is spatial mismatch hypothesis?
The spatial mismatch hypothesis (SMH) serves as an a hypothesis that stressed that low-skilled minorities residing in US inner cities experience poor labour market outcomes.
And this case, they are disconnected from suburban job opportunities, hence and they experience, Low wage service jobs often face some of the lowest wages and poorest working conditions.
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50 percent of your potential customers would be willing to buy your product for $16 each, but the other 50 percent would be willing to pay no more than $10. HINT: In other words, we can say that: For any random customer that happens to walk into your store, there is a 50 percent chance that that customer will pay the full $16, versus a 50 percent chance that that customer will only be willing to pay $10. Unfortunately, you cannot tell your customers apart. Your marginal cost per unit, PER SALE is $4. HINT: To clarify further, you should assume that the marginal cost of $4 per sale is ONLY incurred if a sale is actually made. (In other words, we'll assume that if you do not make a given sale, then you don't get any revenue, but you also don't recognize any cost, so profit is zero in that scenario.) If you set the selling price of each unit at $16, the expected profit per customer is:_________.
Answers
If you set the selling price of each unit at $16, the expected profit per customer is: $6.
Expected profitUsing this formula
Expected profit=Lowest amount willing to pay-Marginal cost
Where:
Lowest amount willing to pay=$10
Marginal cost=$4
Let plug in the formula
Expected profit=$10 - $4
Expected profit= $6
Therefore if you set the selling price of each unit at $16, the expected profit per customer is: $6.
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In each milestone, you may want or need to use the database and query tool to answer some of the questions. We suggest you open the tool in another browser tab while you are working on this assessment. https://postgres.sophia.org/ Which of these constraints verifies that data in a column is based on columns in other tables
Answers
The above question is about SQL Column Table Constraints. See the correct response below.
What is an SQL Column Constraint?Constraints generally are instructions and rules that data entered onto a database must abide by. Constraints are employed to verify data. It outlines the requirements that the data must meet.
The kinds of data that can be entered into a table are restricted by constraints. This guarantees the reliability and accuracy of the data in the table.
The action is stopped if there is a contradiction between the constraint and the data action. Column-level or table-level constraints are both possible.
Which of these constraints verifies that data in a column is based on columns in other tables?The constrain form the attached example given via the link in the question, the constraint that verifies that data in a column is based on columns in other tables is:
"VARCHAR (40)"
This kind of constraint is called an SQL CHECK Constraint. When a CHECK is put on a column, it ensures only a defined values will be able to be entered for that column.
When it is placed on a table, it serves to limit the kind of values that can enter onto certain columns based on the defined values related to other columns in the row.
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Janelle's a broker who owns a small firm. she has decided that the firm will be a single agency firm. this means that her agents represent ______.
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The fact that Janelle is a broker who owns a small firm that is a single agency firm means that her agents will represent either the buyer or the seller in each transaction.
What is a single agency firm?There are several types of brokerage agencies with single agency firms being one of them. Such firms will only represent a single party in a transaction which allows them to seek for the best deal with no bias.
Janelle's firm being a single agency firm therefore means that those agents who work for her will either represent the sellers in a transaction, or the buyers, and not both.
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Hudson-473 Inc. has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.15 Direct labor $ 3.90 Variable manufacturing overhead $ 1.40 Fixed manufacturing overhead $ 16,200 Sales commissions $ 0.60 Variable administrative expense $ 0.70 Fixed selling and administrative expense $ 6,600 The company expects to sell 10,000 units. If the selling price is $21.70 per unit, the contribution margin per unit sold is closest to:
Answers
Explanation:
Dear Sir is the difference between 19 y65 and his wife and the company has been in the process involve the law of the law enforcement of the United Arab and you can get to day life
An increase in the quantity demanded means that:
Answers
Answer:
It is caused by a decrease in price