AC 302

AC 302 WEEK 6 Quiz 100% Correct Question 1 On December 31 2014 Lang Corporation leased a ship from Fort Company for an eight-year period expiring December 30, 2022. Equal annual payments of $300,000 are due on December 31 of each year, beginning with December 31, 2014. The lease is properly classified as a capital lease on Lang ‘s books. The present value at December 31, 2014 of the eight lease payments over the lease term discounted at 10

3 Other / Other ashford university / AC 302 02 Sep 2015

AC 301 Question 5. Question : Arizona Communications contracted to set up a call center for the City of Phoenix. Under the terms of the contract, Arizona Communications will design and set-up a call center with the following costs: Design of call center $10,000 Computers, servers, telephone equipment $275,000 Software $85,000 Installation and testing of equipment $15,000 Selling commission $25,000 Annual service contract $50,000

1 Other / Other ashford university / AC 302 24 Aug 2015