Rabbit Inc

question 6

Multiple Choice

Rabbit Inc. has an asset with a fair market value of $ 450,000 that it wants to lease. Rabbit's wants to recover its net investment in the leased asset and earn an 8%. The asset will revert back to Rabbit's at the end of a 5-year lease term and it is expected that the residual value of the asset will be $ 20,000 at the end of the lease. If Rabbit wants to charge rent semi-annually starting at the beginning of the lease, what amount should the lease payments be (rounded to whole dollars) ?

• A) $ 51,745
• B) $ 62,096
• C) $ 101,200
• D) $ 104,367

Recognize the significance of corporate social responsibility and the various ways businesses can engage with the community.

Understand the role of government agencies in protecting consumer rights and the specific functions of these agencies.

Understand the various elements of business activity and their interconnections.

Distinguish between tangible and intangible products.

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Definitions:

Frequent Flyers

Individuals who travel by air often, typically for business reasons, and may accrue benefits from loyalty programs.

Flexible Assignment

Work tasks or roles that are adaptable and can change based on project requirements or employee skills.

Employment Legislation

Laws and regulations governing the relationship between employers and employees, including rights, duties, and obligations of each party.

Gender Identities

The range of identities of individuals based on their internal sense of their gender, which may or may not correspond to their sex assigned at birth.