Stone co. is considering the acquisition of equipment. to buy the equipment, the cost is $15,192. to lease the equipment, stone must sign a noncancelable lease and make five payments of $4,000 each. the first payment will be paid on the first day of the lease. at the time of the last payment, stone will receive title to the equipment. the present value of an ordinary annuity of $1 is as follows: present value no. of periods 10% 12% 16% 1 0.909 0.893 0.862 2 1.736 1.690 1.605 3 2.487 2.402 2.246 4 3.170 3.037 2.798 5 3.791 3.605 3.274 the interest rate implicit in this lease is approximately
a. 10%.
b. 12%.
c. between 10% and 12%.
d. 16%

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

Which are the best examples of costs that should be considered when creating a project budget?

An economic theory that calls for workers to take control of factories is .