At december 31, 2017, moonlight bay had a 10% installment note payable to third mercantile bank with a balance of $610,000. the annual payment is $115,000, payable each june 30. on january 1, 2018, moonlight bay leased a building under a finance lease calling for four annual lease payments of $40,000 beginning january 1, 2018. moonlight bay’s incremental borrowing rate on the date of the lease was 9% and the lessor’s implicit rate, which was known by moonlight bay, was 8%.calculate interest expense for the year ended december 31, 2018.

Logan is an employee who processes health insurance forms. initially he was criticized by his supervisor for sloppy work, but thereafter he improved considerably. now he consistently processes his forms without errors and even does more than his fair share of work. however, logan's supervisor has not responded to the extra effort he has put in, giving him no praise or monetary benefits. this leads logan to believe that his supervisor is biased against him. according to the expectancy theory, in this situation, there is a problem in the relationship. a) rewards-personal goals b) performance-awarenessc) performance-rewardd) performance-objectivese) performance-achievement