Windsor Fashion Company enters into a lease arrangement with Highpoint Leasing for 5 years. Windsor agrees to pay 4% of its net sales as a variable lease payment. Windsor does not pay any fixed payments. Windsor is a highly successful company that has achieved over $1,400,000 in net sales over the last 7 years. Both Windsor and Highpoint forecast that net sales will be a much greater amount than $1,400,000 in subsequent years. As a result, it is highly certain that Windsor will make payments of at least $56,000 ($1,400,000 × 4%) each year. What is the lease payment amount Windsor should use to record its right-of-use asset?

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society