On january 1, james industries leased equipment to a customer for a five-year period, at which time possession of the leased asset will revert back to james. the equipment cost james $830,000 and has an expected useful life of seven years. its normal sales price is $830,000. the residual value after five years is $200,000. lease payments are due on december 31 of each year, beginning with the first payment at the end of the first year. the interest rate is 8%. (fv of $1. pv of $1. fva of $1. pva of $1. fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) calculate the amount of the annual lease payments. guaranteed residual value table or calculator function present value amount to be recovered (fair value) guaranteed residual value amount to be recovered through periodic lease payments lease payment table or calculator function lease payments amount of fair value recovered each lease payment

well.. its gow babies are made

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know