Questions
Edom Company, the lessor, enters into a lease with Davis Company to lease equipment to Davis...

Edom Company, the lessor, enters into a lease with Davis Company to lease equipment to Davis beginning January 1, 2016. The lease terms, provisions, and related events are as follows:

1. The lease term is 5 years. The lease is noncancelable and requires annual rental receipts of $100,000 to be made in advance at the beginning of each year.
2. The equipment costs $313,000. The equipment has an estimated life of 6 years and, at the end of the lease term, has an unguaranteed residual value of $20,000 accruing to the benefit of Edom.
3. Davis agrees to pay all executory costs.
4. The interest rate implicit in the lease is 14%.
5. The initial direct costs are insignificant and assumed to be zero.
6. The collectibility of the rentals is reasonably assured, and there are no important uncertainties surrounding the amount of unreimbursable costs yet to be incurred by the lessor.

Required:

1. Next Level Determine if the lease is a sales-type or direct financing lease from Edom’s point of view (calculate the selling price and assume that this is also the fair value).
2. Prepare a table summarizing the lease receipts and interest revenue earned by the lessor.
3. Prepare journal entries for Edom, the lessor, for the years 2016 and 2017.
Prepare a table summarizing the lease receipts and interest revenue earned by the lessor.

Edom Company

Lease Payments Received and Interest Revenue Earned Summary

2016 - 2020

1

Date

Annual Lease Payments Received

Interest Revenue at 14% on Net Investment

Lease Receivable

Unearned Interest: Leases

Net Investment

2

January 1, 2016

3

January 1, 2016

4

December 31, 2016

5

January 1, 2017

6

December 31, 2017

7

January 1, 2018

8

December 31, 2018

9

January 1, 2019

10

December 31, 2019

11

January 1, 2020

12

December 31, 2020

General Journal

Prepare journal entries for Edom, the lessor, for the year 2016. Additional Instructions

PAGE 1

GENERAL JOURNAL

DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT

1

2

3

4

5

6

7

8

9

Prepare journal entries for Edom, the lessor, for the year 2017. Additional Instructions

PAGE 1

GENERAL JOURNAL

DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT

1

2

3

4

In: Accounting

10. A university is concerned about the proportion of students that graduate. To address the issue,...

10. A university is concerned about the proportion of students that graduate. To address the issue, it does the following. First, it gets a random sample of incoming students. Some of the students in this random sample will be required to have extra meetings with a series of advisors and some will not. It randomly decides which of the students will have this requirement and which will not. In the data, 516 of the 885 students that had this requirement graduated, and 444 of the 845 students that did not have this requirement graduated. The university wants to know if this requirement changed the proportion of students who graduate.

(a) What is the null hypothesis and what is the alternative hypothesis?

(b) What is the sample proportion for group 1? (round to 5 digits after the decimal place)

(c) What is the sample proportion for group 2? (round to 5 digits after the decimal place)

(d) What is the pooled estimator for p? (round to 5 digits after the decimal place)

(e) What is the standard error for the difference in the sample proportions? (Use ˜σp1−p2 and round to 5 digits after the decimal place.)

(f) What is the value of the test statistic? (Round to 2 digits after the decimal place.)

(g) What is the p-value of the test? (Round to 3 digits after the decimal place.)

(h) Do we reject or not reject the null hypothesis at the .05 level of significance? Reject Not reject

(i) Can we interpret the difference in the population proportions as a causal effect? Yes, it has a causal interpretation. or No, it does not have a causal interpretation.

In: Statistics and Probability

The purpose of this lab is to introduce some of the available tools used to prepare...

The purpose of this lab is to introduce some of the available tools used to prepare a weather forecast. Surface Analysis – http://weather.rap.ucar.edu/surface/sfc_alb.gif Satellite Imagery- http://www.goes.noaa.gov/ Radar - http://radar.weather.gov/radar.php?rid=box&product=N0R&overlay=11101111&loop=no Models – http://mag.ncep.noaa.gov/NCOMAGWEB/appcontroller?prevpage=index&MainPage=index&ca t=MODEL+GUIDANCE&page=MODEL+GUIDANCE SURFACE ANALYSIS: The surface analysis map shows the current meteorological conditions for the Northeast US. Note the symbols used on the map. These symbols are explained in Appendix B. Once you learn how to read the symbols you can “see” the weather on this map. SATELLITE IMAGERY: When you look at this page you can see that we have imagery for the Eastern Contiguous United State (East CONUS) along with the Western US., Puerto Rico, Alaska and Hawaii. Note we can see images in the infrared (so we can see the weather at night); the visible (only see those areas during the daylight); and water vapor show geographically where the water is in the atmosphere. Note: When we look at the visible and infrared images the brighter the clouds the higher they are in the atmosphere (which is an indication of lift, convection, and possible instability). RADAR: Radar shows us precipitation type, intensity, and geography. When you go to this page click on Doppler University and read through the tutorial to gain an understanding of how radar works. MODELS: When you arrive at this site you will see that you can select the geographic location to investigate (select North America) and Model Type (select GFS). This will bring to a page of more selection criteria. Review the page and select precipitation parameters precip_p12. This will again open a new page and select Loop All. A map will appear showing High and Low pressure systems along with precipitation shields. Note along the top of the map you will see the time stamp as the model progresses. CLOUDS: Clouds are the visible manifestations of the atmospheric physics. Cloud types can tell us about what weather to expect. There is an excellent cloud guide in the back of your text. Note all of these site where navigated to from the Boston National Weather Service Site: http://www.erh.noaa.gov/er/box/ I suggest you take a good look at his site as it has a vast amount of information. Now using the four tools noted above (surface analysis, satellites, radar, and models) prepare a weather forecast (Maximum and Minimum Temperature for the day and Precipitation amount and type) for 24 hours AFTER your lab submission date. Write a one page paper (12 pt type, single space, 1 inch margins) detailing your forecast and how you used the tools to arrive at your weather prediction. Also within the forty eight hour period before your forecast list the type of clouds you observed and the time of day for your observations

In: Physics

Give feedback to the following response, The information provided about Loretta’s perceived micromanagement, inflexible approach, aloof...

Give feedback to the following response,

The information provided about Loretta’s perceived micromanagement, inflexible approach, aloof interpersonal behavior, and impractical performance expectations suggest a lack of authentic leadership on her behalf ( Robinson & O’Dea, 2018).

Authentic leaders influence organizations by focusing on positive behaviors of trust, hope and identity while demonstrating genuine character traits when engaging with employees(Avolio et. el, 2004). The feedback provided about Loretta has a recurrent theme of lack of authenticity. For example, one employee relates her perception of Loretta as being perfect. As a result, the employee expresses fear of being reprimanded for not performing duties flawlessly . In this same vein, an employee reported that Loretta remains disengaged until deadlines are near. Which, from the employee’s perspective, detracts from their ability to complete work in an efficient manner. Lastly, Loretta is seen as a micromanager that is uninterested in constructive impute. Interestingly, the feedback provided by Loretta’s team is contradictive, as Loretta cannot be a micromanager who is disengaged yet is perceived as perfect. Therefore, Loretta has failed to be an authentic leader as she has not allowed her team to view her as a person but as a supervisor. The medley of responses by employees are a result of Loretta's situational depended behavior. For example, she micromanages one employee but disengages with another, and these actions are facets of unauthentic behavior. It is my suggestion that Loretta build trust among her team, show herself to be personable, and consistently display behaviors that are ethical yet goal oriented. The following suggestions will enable Loretta to build trust among her team and establish relationships with individual members, which will develop Loretta’s authenticity(Avolio et. el, 2004).

Actionable Suggestions:

Demonstrate authentic leadership by taking ownership of mistakes; actively seeking and integrating constructive impute from colleagues; demonstrate consistent behavior of impassioned, fair, and inclusive interactions; communicate reasonable expectations of performance; and develop relationships of genuine admiration between coworkers (Robinson & O’Dea, 2014, p.1-3)

Build rapport with colleagues and subordinates via Emotional Bank Account method. Specifically, view and consider individuals apart from their established hierarchical positions; relate to individuals by demonstrated actions of kindness; articulate impartial expectations of performance; and recognize and make amends for mistakes( Kok, N.D., para 1-8)

Inspire trust among colleagues and subordinates by actively including staff in problem-solving; empowering individuals to make contributions which are supportive of organization goals; impartially recognize individual contributions while providing constructive feedback where appropriate; and proactively engaging with staff in a personable but genuinely professional manner ( Valo,2011, para 1-4).

This is in refrence to the following case senerio,

Case Scenario:

Mr. Barney, the CEO, has received your memo request to be considered for further leadership positions. He has decided to put you to the test! He assigns you to help his Director of Payroll, Loretta Cash with a problem.

You walk over to Payroll and visit Loretta. She is visibly upset. She has just received her annual performance review from her manager. This is a 6-month review, as Loretta was recently assigned to this role after working with great success for 10 years in another area of the Accounting Department. As part of this review, her manager interviewed the six members of the Payroll Department, who all answer to Loretta. Loretta shares with you some of their comments:

“Loretta marched in here thinking she knows everything. She doesn’t want to listen to any of our ideas. It’s her way or the highway.”

“We really don’t know Loretta all that well. She keeps to herself…except of course when payroll deadlines are due, and then she’s all over our backs.”

“She acts as if she is perfect. I’m scared of getting yelled at when I make a mistake.”

“Most times, Loretta is fine, but when we have a deadline she micromanages us. I literally dread coming in to work on days payroll is due because I know Loretta will be watching over us like a hawk.”

Answer the following questions, and support your answers with the course materials:

What is the root cause of Loretta’s problem?

List three specific recommendations that Loretta can do today to turn this situation around. Make sure the three recommendations are actionable (in other words, Loretta can take your advice and put it into practice immediately) and specific (in other words, not too general that it cannot be easily understood). For example, “improve communication skills” is not actionable today, and too general to be clearly understood. However, “give immediate feedback to demonstrate she is actively listening” can be put into practice today and is specific enough to be understood. (Do not use this example in your answer!).

In: Psychology

Based on my understanding of nursing today, Healthy People 2020 could be used by me in...

Based on my understanding of nursing today, Healthy People 2020 could be used by me in many ways to make a difference in the health and wellness of people in my area. The area that I intend to specialize in once I am a Registered Nurse is mental health. Healthy People 2020 has a lot of information regarding mental health. It can be used as additional resources for people who are seeking information regarding mental health. Based upon readings and research that I have completed mental health is a growing yet deprived field of resources. I will be there to serve as a resource and a advocate for my patients to assure they are provided with all the proper resources to assist with whatever mental disorder they have been diagnosed with. Becoming a a advocate for those of my community/area is important to me because often time African Americans and other minority groups are those who lack proper resources to health care and getting the help they need. I especially want to help those who are between the ages of 12 and up and because this is the next generation who will have to care for us.

Do you agree with her statement yes or no?

In: Nursing

A nationwide US telephone survey3 conducted by the Pew Foundations in October 2010 asked 2625 adults...

A nationwide US telephone survey3 conducted by the Pew Foundations in October 2010 asked 2625 adults ages 18 and older the following question: “Some people say there is only one true love for each person. Do you agree or disagree?” The surveyed were selected randomly, by landlines and cell phones.

The results showed 372 males “agree” and 363 females “agree” while 1005 females “disagree” and 807 males “disagree”. The number of males who responded “don’t know” was 34, and females 44.

a. Construct a two-way table summarizing the data.

Male

Female

Total

Agree

Disagree

Don’t know

Total


Find the proportions below and express your answers as a decimal rounded to 3 decimal places.
a. What is the proportion of females that agreed?
b. What is the proportion of people who agreed were female?
c. What is the proportion of males that agreed?
d. What is the proportion of survey responders that were female?
e. What is the proportion of responders who answered “don’t know” that
were males?
f. What is the proportion of males that disagreed?
g. What proportion of people who agreed were female?

In: Statistics and Probability

in each of the following scenario use 2 diagram for the market of cell phones in...

in each of the following scenario use 2 diagram for the market of cell phones in US to find the effects on their wage employment and real GDPin 2017 a) consumers are buying more cell phones made in US b)workers decided to retire earlier from the cell phones sector c) new technology bought by firms in the cell phones industry d) a decrease of employment tax for firms producing cell phones

In: Economics

A growing trend to buy American made encourage US auto makers to increase political pressure in...

A growing trend to buy American made encourage US auto makers to increase political pressure in Washington to pass legislation for more restrictive quotas on Japanese car imports in addition to decline in the value of the US dollar would be instrumental in Toyota’s decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan it’s your ability to plant its decision would reflect

In: Accounting

Note:Subject;EEC 1960 Section 01 Field experience 1:Knowledge but I choose Psychology to be easy. Written Assignment...

Note:Subject;EEC 1960 Section 01 Field experience 1:Knowledge but I choose Psychology to be easy.

Written Assignment - Creating Positive Communications to Share with Families

Engaging with families through positive communications is an essential part of an early childhood educator's role. What we do in terms of reaching out to families shapes how they, in turn, reach back to us. Families who feel welcome in the classroom are more likely to participate and become involved. For this assignment, you will be creating a positive communication as a tool for connecting with and sharing information with families. To get started, think about something important that you would like to let families know about (for example, an upcoming special event or the opportunity to visit the center). Alternately, you might choose to share some child development information (for instance, reinforcing the importance of keeping a regular schedule or about reading to children every day). Think about how to share your communication with all families, including those who are from diverse culture and language backgrounds. For the assignment, create a 1-page positive communication flyer or newsletter using one of the two templates provided below. (Or, use your own template if you prefer.) Flyer Template Newsletter Template Be sure to include all required information about who the information is for, why it's important, what will be happening (an event or visit), and/or what you want them to know (such as if they need to RSVP or not). If you are thinking about an event, be sure to include where it will be held, as well as the time. Lastly, include your name and contact information so families know who and how to reach you if they have questions.

In: Psychology

For a set of ungrouped or individual observations, the sum of the deviations of all observations...

For a set of ungrouped or individual observations, the sum of the deviations of all observations from the mean is:

a.

the standard deviation

b.

the interquartile range

c.

the median

d.

zero

e.

the sum of all the observations

In: Economics