Lewis corporation entered into a lease agreement on january 1, 2020, to provide dawkins company with a piece of machinery. the terms of the lease agreement were as follows. 1. the lease is to be for 3 years with rental payments of $10,521 to be made at the beginning of each year. 2. the machinery has a fair value of $55,000, a book value of $40,000, and an economic life of 8 years. 3. at the end of the lease term, both parties expect the machinery to have a residual value of $30,000, none of which is guaranteed. 4. the lease does not transfer ownership at the end of the lease term, does not have a bargain purchase option, and the asset is not of a specialized nature. 5. the implicit rate is 6%, which is known by dawkins. 6. collectability of the payments is probable. instructions a. evaluate the criteria for classification of the lease and describe the nature of the lease. b. prepare the amortization schedules dawkins will use over the lease term. c. prepare the 2020 journal entries for dawkins. d. prepare the 2020 journal entries for lewis.

The beach dude (bd) employs a legion of current and former surfers as salespeople who push its surfing-oriented products to various customers (usually retail outlets). this case describes bd's sales and collection process. each bd salesperson works with a specific group of customers throughout the year. in fact, they often surf with their customers to try out the latest surf gear. the bd salespeople act laid-back, but they work hard for their sales. each sale often involves hours of surfing with their customers while the customers sample all the latest surf wear. because bd makes the best surfing products, the customers look forward to the visits from the bd salespeople. and they often buy a lot of gear. each sale is identified by a unique invoice number and usually involves many different products. customers pay for each sale in full within 30 days, but they can combine payments for multiple sales. bd manages its clothing inventory by item (e.g., xl bd surfer logo t-shirts), identified by product number, but it also classifies the items by clothing line (the lines are differentiated by price points as well as the intended use of the clothing, e.g., surfing products, casual wear, . draw a uml class diagram that describes the beach dudes sales and collection process.b. using microsoft access, implement a relational database from your uml class diagram. identify at least three fields per table.c. describe how you would use the relational database to determine the beach dude’s accounts receivable.

If you were running a company, what are at least two things you could do to improve its productivity.

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?