On january 1, 1997, phillips, inc leaseda a new machine from u. s.leasing. the specific information on the lease is as follows: lease inception: january 1, 1997annual rental payment at dec. 31 of each year: $51,352ecenomic life of the machine: 8 yearsmarket value of the machine: $275 000interest rate said by phillips, inc.: 10%end of 7- year lease term : dec.31, 2003on january1, 1997, phillips, inc should record a lease liability of: - $275,000- $359,464- $ 0- $ 250,000

Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)

Why do police officers get paid less than professional baseball players?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)