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Question - Carla Vista Co. leased equipment from Koenig Co. on july 1, 2021 for an 8 year period expiring June 30, 2029 equal annual payments under the lease are $795,000 and are due on July 1 of each year. The first payment was made on July 1, 2021. The rate of interest contemplated by Carla vista and Koenig is 8%. The lease receivable before the first payment is $4,934,000 and the cost of the equipment on Koenig's accounting records was $4,350,000. Assuming that the lease is appropriately recorded as a sale for accounting purposes by Koenig, what is the amount of profit on the sale and the interest income that Koenig would record for the year ended December 31, 2021?
The management fee for this particular fund is 2.50 percent of the total investment amount. Calculate the management fee Chris must pay this year.
Assume that your time value of money (MARR) is 10% annually, and this machine lasts 11 years. What is the Net Future Value of this machine?
Powder Corporation began operations on January 2, 2013, with a total investment of $150,000 by its stockholders. Net income for its first year of business was $90,000. During 2014 and 2015, net income increased to $188,000 and to $217,000, respective..
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Why are receivables/payables denominated in foreign currency revaluated at the balance sheet date while receivables/payables denominated in euro?
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