On january 1, espinoza moving and storage leased a truck for a four-year period, at which time possession of the truck will revert back to the lessor.

annual lease payments are $10,000 due on december 31 of each year, calculated by the lessor using a 5% discount rate.

if espinoza's revenues exceed a specified amount during the lease term, espinoza will pay an additional $4,000 lease payment at the end of the lease.

espinoza estimates a 60% probability of meeting the target revenue amount.

what amount should be added to the right-of-use asset and lease liability under the contingent rent agreement?

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as