Answer:
With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c
Explanation:
According to the given data we have the following:
PV of lease=$750,578
Annual payment=$180,000
Rate of interesr=10%
The interest expense would be calculated as follows:
Interest expense = ( PV of lease - Annual payment ) * Rate of interest
Interest expense = ( $750,578 - $180,000 ) * 10%
Interest expense = $57,058
Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.
Answer:
Desert Company
The amount of notes payable that should be recorded as a current liability will be $520,000.
Explanation:
The 8% notes payable had been refinanced to a long-term notes payable. But, the 7% notes payable was still being negotiated for refinancing. Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000. However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.
Answer:
The correct answer is the option B: Chief Security Officer.
Explanation:
To begin with, a <em>Chief Security Officer</em> or CSO is the most important senior level executive that an organization has in its team whose main purpose is to <em>develop and oversight policies and programs whose primary focus are on the mitigation and reduction of secutiry risk</em> regarding the protection of people, intellectual assets and tangible property.
Secondly, the security of the organization regarding the fact of cyber attacks does have a cooperative inter-connected involvement, where the figure of <em>Chief Information Security Officer</em> appears and combines their function with the CSO. Moreover, the CISO is the one executive inside the organization that <em>focuses to the problems about ensuring information assets in particular</em>.
Savings account is the answer
Answer:
The installers and experts are self employed because;
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Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.
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The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.
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The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.
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The devices are not given by the business and the installers and experts utilize their own gear and instruments.
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The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.
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The strategy for installment is through a set rate for every venture and not by time-frame.
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The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.
Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.
