A Guaranteed Residual Value at the Inception of a Capital

question 19

Multiple Choice

A guaranteed residual value at the inception of a capital lease should be

• A)excluded from minimum lease payments.
• B)included as part of minimum lease payments at present value.
• C)included as part of minimum lease payments at future value.
• D)included as part of minimum lease payments only to the extent that guaranteed residual value is expected to exceed estimated residual value.The guaranteed residual value is a promise made by the lessee that the lessor can sell the leased asset at the end of the lease for a guaranteed amount.Since this promise is a potential future payment, it must be included in the calculation of the present value of the lessee's future lease payments.

Distinguish between different theories of emotions and their implications on understanding human behavior.

Explain the significance of social and cognitive factors in motivation and emotional expression.

Recognize the characteristics and implications of different eating disorders.

Understand the legal terms and their significance in forensic psychology.

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Definitions:

Price Floor

A government or regulatory-imposed price control that sets the minimum price at which a good can be sold, often to protect producers or encourage certain activities.

FICA Tax

The Federal Insurance Contributions Act (FICA) tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare programs.

Incidence

The analysis of the distributional effect of a tax or policy on different groups, focusing on who bears the cost.

Tax Imposed

A financial charge levied by a government on individuals, corporations, or goods to fund public expenditures.