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NEW QUESTION: 1
Beresford Company leased equipment from Fisher Company on July 1, 2010, for an eight-year period expiring June 30, 2018. Equal annual payments under the lease are $100,000 and are due on July
1 of each year. The first payment was made on July 1, 2010. The rate of interest contemplated by
Beresford and Fisher is 8%. The cash-selling price of the equipment is $620,625 and the cost of the equipment on Fisher's accounting records was $550,000. Assuming that the lease is appropriately recorded as a sale for accounting purposes by Fisher, what is the amount of profit on the sale and the interest income that Fisher would record for the year ended December 31, 2010?
A. $0 and $20,825.
B. $70,625 and $20,825.
C. $70,625 and $24,825.
Answer: B
Explanation:
The profit is the selling price less the cost: $620,625 - $550,000 = $70,625 The interest income is sales price less the payment received times the interest rate. 4% is used since it is half a year.
($620,625 - $100,000) x .04 = $20,825
NEW QUESTION: 2
Your network contains an Active Directory domain named contoso.com. The domain contains two servers named Server1 and Server2 that run Windows Server 2016.
Server1 has IP Address Management (IPAM) installed. Server2 has the DHCP Server role installed. The IPAM server retrieves data from Server2.
You create a domain user account named User1.
You need to ensure that User1 can use IPAM to manage DHCP.
Which command should you run on Server1? To answer, select the appropriate options in the answer area.
Answer:
Explanation:
NEW QUESTION: 3
Where do you select the default setting for the order acknowledgement indicator in SAP Materials Management? There are 2 correct answers to this question.
Response:
A. In the personal setting of the purchase order
B. In the purchasing group
C. In the parameter EVO
D. In the business function LOG_MM_CI_1
Answer: A,C