On January 1, Year 4, Jaffe Co. leased a machine to Pender Co. for 10 years, with $10,000 payments due at the beginning of each year effective at the inception of the lease. The machine cost Jaffe $55,000. The lease is appropriately accounted for as a sales-type lease by Jaffe. The present value of the 10 rent payments over the lease term discounted appropriately at 10% was $67,600. The estimated residual value of the machine at the end of 10 years is equal to the disposal costs. How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4

Answers

Answer 1

Answer:

$5,760

Explanation:

Calculation to determine How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4

First step is to calculate the carrying amount

carrying amount=$67,600-$10,000

carrying amount of $57,600

Now let calculate the interest revenue

Interest revenue =$57,600*10%

Interest revenue=$5,760

Therefore How much interest revenue should Jaffe record from the lease for the year ended December 31, Year 4 is $5,760


Related Questions

What is innovation? (Media Literacy)

A. A groundbreaking idea, product, or method
B. A technological tool that drives hyperlinks
C. An exciting development in a story's plot
D. A story that nobody has ever heard before

Answers

Answer:

A. A groundbreaking idea, product, or method

Explanation:

Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.

What does the visible property control?

A which fields are displayed for each record
B how an object is affected by resizing the window
C how many objects can be included in a single form
D the number of records that can be displayed on a form

Answers

Answer:

A

Explanation:

EDGE 2021

Both individuals and organizations can be consumers.
O True
O False

Answers

Answer:

True

Explanation:

According to the video, what activities are affected by Market Research Analysts? Check all that apply. pricing advertising hiring production placement shipping

Answers

Answer:

Pricing, advertising, production, & placement

Explanation:

Just answered

Answer:

pricing

advertising  

production

placement

Explanation:

I got it right on edge

discuss the role of the factor market in the circular flow​

Answers

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bababooey.................................................................

Answers

Answer: Are you bored because i am

.

Answer:

Bababooey

Explanation:

Why should you include management and staffing issues in your business plan?

Answers

Because if you don’t account for all the possible issue that may arise in the business, your business has a higher chance to fail. This could be avoided if Dave from H.R did his job but he has enough already.

But yes, any miscalculation could lead to the downfall of a business, hope this helps and bye

Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.

Answers

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Which is an economic system?
a.
monarchy
c.
dictatorship
b.
democracy
d.
market

Answers

Answer:

market!!!

Explanation:

Market is an economic system. A market economy is an economic system in which supply and demand determine how goods and services are produced.

What is economic system?

An economic system is a method for communities or governments to organize and distribute resources, services, and goods throughout a region or country. As a result, a social system is a form of economic system.

Thus, Option, D market is correct.

For further details about  economic system, click here:

https://brainly.com/question/316198

#SPJ2

True or False? A general partnership protects partners from the debts of the company.

Answers

Answer:

True

Explanation:

Do you need an Explanation? Or no??

True!!

Hope I helped you out

What is a resume?




((this is just to reach the character requirement))

Answers

Formal document that a job applicant creates

. Based on the video, what happened to "savings" in the United States, and how did consumers contribute to this change? Describe why you agree or disagree.

Answers

The correct answer to this open question is the following.

Unfortunately, you did not include the lecture, so we do not know what was the information included in the lecture. Just you know it.

However, trying to help you we did some deep research to find the video. So if you are talking about John Gerzema's video, then we can comment on the following.

What happened to "savings" in the United States, and how did consumers contribute to this change according to John Gerzema's video "The post-crisis consumer," produced by TED, is that consumer's savings dropped 10% and today the savings level is "cero."

Consumers have money during so many years that they exceed the purchase of the things needed and bought many things that they did not need, just for teh action of continuing to buy things. A hundred percent consumerism!

So after the crisis, consumers understood the way they excessively purchased in the past, and now, most of them do not have savings and are just buying necessary things.

Answer:

Just listen to the person above.

Explanation:

they are correct.

At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019

Answers

Answer:

Diluted Earnings per share= $6.9

Explanation:

Earnings per share is the return attributable to each unit of outstanding ordinary share.

It is computed as the Net Income/Number of ordinary shares outstanding

The diluted earnings per share is the EPS assuming all convertible securities were all converted.

Converted shares is computed as follows:

                                         units

Preferred shares    =     20,000

Convertible bonds =     30,000

Total                               50,000

Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares

= 90,000 + 50,000 = 140,000

Diluted Earnings per share = 970,000/140,000= $6.9

Diluted Earnings per share= $6.9

Variable costs change depending on a company's performance.

A) False

B) True

Answers

Answer:

B - True

Explanation:

No matter how much a company sells or does not sell, it has to pay fixed costs. Variable costs change depending on a company's performance.

The answer is , B - true

write a sample complaint for a customer gaining a food born illness from a restaurant

Answers

After going to (restaurant name) I have become ill from the food they are serving.

Answer:

mk

Explanation:

Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never

Answers

Answer:

A. This common law offer will expire after a reasonable period of time.

Explanation:

Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned

Therefore the correct option is a.

A sector is a diversified group of companies.
True or False

Answers

Explanation:

A diversified company is a type of company that has multiple unrelated businesses or products. A company may decide to diversify its activities by expanding into markets or products that are related to its current business.

For example, an auto company may diversify by adding a new car model or by expanding into a related market like trucks.

Diversified Industries covers a wide range of sub-sectors including Automotive, Transport & Logistics, Building Materials & Construction, Capital Goods, Business Services, Metals and Oil Field Services. Even the way industrial products are developed, manufactured and commercialized is changing. I would say the answer is True

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?

Answers

Answer and Explanation:

The computation is shown below:

a. The rate of return in percentage is

= return ÷ investment

= $15 ÷ $150

= 10%

b. The economic profit is

= rate of return - normal profit rate

= 10% - 5%

= 5%

c. As the economic profit is more than 0 so it should be the entry

d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit

PLS ANSWER FAST, I'LL GIVE BRAINLIEST

In the healthcare field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? PLEASE give an example of each with your answer.

Answers

Answer:

The answer is below

Explanation:

Face-to-face types of jobs is usually a clinical job that involves the practice or activities of carrying out the diagnosis, treatment, and actual care. For example Physician, Nurse, Surgical Assistant, Medical lab technician, etc.

On the other hand, Behind-the-scenes jobs in the healthcare fields are usually non-clinical jobs, while it may involve interaction with the patients, it does not involve the practice of medical testing or treatments. For example Medical billers and Coders, Transcriptionists, Hospital executives, Receptionists, etc.

The difference between the two is that some doctors meet with the patient and observe their symptoms. Other doctors diagnose what a patient may have by using the knowledge the other doctors provide them with.

Example of a doctor who interacts with the patient face-to-face:

pediatrician

Example of a doctor who works behind the scenes:

Intensevist

Last week, the logistics employees at Run River got together to determine the best way to ship products overseas. Each employee created a separate plan and submitted it to the logistics manager, who decided which plan the company would pursue.


A. Team

B. Group

Answers

Answer:

B. Group

Explanation:

A team could be made of many peoples who work together and considered the work to be collective. on the other side, the group is one where the work product should be considered as an individual. In this each and every employee would submitted their plans also they came up for the solution also in this they shares the same traits.

hence ,the option b is correct

1)______elimination risks.
2)the positive factors of planning is called______.
3)planning is what to do it,how to do it,when to do it and _____in the future.
4)planning must start with simple____.
5)in business,time is gold.for this reason an,
6)entrepreneur must be efficient_____.



a.what to expect
b.time management
c.strengths
e.business plan
f.projects
g.micro​

Answers

Answer:

1. E

2. C

3. A

4. F

5. B

Explanation:

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

1. Business plan eliminates risks. This is because it focuses on defining how a business would achieve its goals, objectives, mission and sets the overall direction for the business using specific strategies.

2. The positive factors of planning is called strengths. They give a business competitive advantage over competitors (rivals) in the same industry.

3. Planning is what to do it, how to do it, when to do it and what to expect in the future.

4. Planning must start with simple or micro projects because they generally require simple and less cumbersome management and technologies.

5. In business, time is gold. For this reason, an Entrepreneur must be efficient in time management i.e being able to control and manage time at all times.

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