Examlex
Domino's Pizza is offering racing fans a chance to earn points toward NASCAR-branded merchandise via the NASCAR RacePoints loyalty program.Consumers who buy $20 worth of Domino's Pizza will receive 100 NASCAR RacePoints.NASCAR RacePoints will be credited to members' accounts.Racing fans can collect points to earn NASCAR merchandise,including apparel and hats or one-of-a-kind experiences,such as driving a real race car.What is Domino's engaging in?
Direct Financing Capital Lease
A lease agreement where the lessor purchases an asset and leases it out to the lessee, earning interest revenue over the lease term.
Implicit Rate
The interest rate implied in the terms of a lease, representing the lessor's yield if not explicitly stated.
Financing Income-Leases
Income generated from leasing out assets, under which the lessor retains ownership of the asset and provides the lessee the right to use it for a specific period.
Unearned Financing Income-Leases
Income recognized by a lessor prior to providing the associated services or goods under a lease agreement, which must be earned over the lease term.
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