Examlex
Using the 'Text Import Wizard' or the 'Text to Column Wizard,' import the following text string into Excel. What does the output in Excel look like?
Apples,3.60,Washington-
DC,Red,Bananas,0.69,Brazil,Potatoes,2.13,Idaho,Milk,2.39,Wisconsin,Wheat,3.78,Kansas,Cabernet,42.77,California,Disinfectant Spray,4.55,California
Direct Financing Lease
A leasing arrangement in which the lessor finances the leased asset, and the lessee's payments are structured to cover the asset's costs and provide a return to the lessor.
Implicit Interest Rate
Refers to the interest rate in a financial transaction that is not explicitly stated but rather implied by the terms of the arrangement.
Present Value
The present worth of a future amount of money or a series of cash flows, discounted at a certain rate of return.
Annual Lease Payment
The total amount payable over a year under the terms of a lease agreement.
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