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olga nikolaevna [1]
2 years ago
13

Crystal Corporation makes $2,300 payments every month for leasing office equipment. Crystal recorded a lease payment as follows:

Lease payable 1,380 Interest expense 920 Cash 2,300 Amortization expense 1,380 Right-of-use asset 1,380 Crystal must have a(n):
Business
1 answer:
alexandr402 [8]2 years ago
6 0

Crystal Corporation must have an <u>operating lease</u> as its makes $2,300 payments every month for leasing office equipment.

<h3>What is an operating lease?</h3>

An operating lease refers to a contractual agreement that permits use of an asset without actually transferring the full ownership rights to other party.

In conclusion, the firm have an operating lease as its makes $2,300 payments every month for leasing office equipment.

Read more about operating lease

<em>brainly.com/question/24460932</em>

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The presence of media hubs, coalitions focusing on specific environmental challenges, and headquarters for multinational corpora
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The process of gathering information about the competitive environment, including competitors' plans, activities, and products,
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Answer: (C) Competitive intelligence

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4 years ago
The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th
sesenic [268]

Answer:

n=40

Explanation:

We want to know the value of n when P=480

P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

n^2-30n-400=0\\(n-40)(n+10)=0\\

The solutions of the quadratic equation aren-40=0 and n+10=0:

n_1=40\\n_2=-10

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n=40

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3 years ago
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