Soundesign Company entered into a lease of special equipment to LabCorp Company. The lease term was six years. The equipment cost Soundesign $40,000 and Soundesign plans to earn a $4,000 dealer profit. Soundesign's implicit rate on the lease is 1 . percent. As a result of this agreement, Soundesign will receive year-end lease payments of
a. $7,333.
b. $8,213.
c. $10,702.
d. $12,090.
C
You might also like to view...
Reporting unusual items separately on the income statement allows investors to isolate the effects of these items on income and cash flows
a. True b. False Indicate whether the statement is true or false
The use of short-term incentives to encourage the purchase of a product or service is called ________
A) direct marketing B) sales promotion C) advertising D) public relations E) publicity
The primary activity which was selected did not have the most relevance for the circumstances is a description of which reason why interventions fail?
a. wrong problem b. wrong intervention c. unclear or overambitious goals d. unskilled change agent
You are in the company cafeteria, and your coworkers begin discussing an interaction between your boss and another colleague. You witnessed the actual encounter, so you know that your coworkers are wrong and that the situation is being discussed in a way that may be hurtful to both your boss and the colleague.
a. Excuse yourself, and go have lunch in your office alone. b. Participate in the gossip to build better relationships with your coworkers. c. Correct your coworkers' misconceptions.