On january 1, 2018, maywood hydraulics leased drilling equipment from aqua leasing for a three-year period ending december 31, 2021, at which time possession of the leased asset will revert back to aqua. the equipment cost aqua $413,307 and has an expected economic life of four years. aqua expects the residual value at december 31, 2018, to be $51,000. negotiations led to maywood guaranteeing a $71,500 residual value.
equal payments under the lease are $100,000 and are due on december 31 of each year with the first payment being made on december 31, 2018. maywood is aware that aqua used a 5% interest rate when calculating lease payments. required: 1. prepare the appropriate entry for maywood on january 1, 2018, to record the lease.2. prepare all appropriate entries for maywood on december 31, 2018, related to the lease.

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations