Executory costs should be excluded by the lessee in computing the present value of the minimum lease payments.

Jomal Corporation expects to receive $2,300 along with costs of $1,800 on each non-delinquent sale on credit. The probability of collection is 85%. Determine whether credit should be extended.

A) Extend credit - net benefit of $155 B) Do not extend credit - net detriment of $155 C) Extend credit - net benefit of $80 D) Do not extend credit - net detriment of $80

According to Transparency International's Corruption Perceptions Index scores for 2014, the country which was listed as most corrupt was:

A) Iraq. B) Uzbekistan. C) Chad. D) Afghanistan. E) Somalia.