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Slav-nsk [51]
1 year ago
11

at the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residua

l value of the car. you have a(n) _____ lease.
Business
1 answer:
borishaifa [10]1 year ago
5 0

At the end of your car lease period, you intend to turn in the car, and you will not pay extra at that time based on the residual value of the car, then you will have an open-end lease.

<h3>What is open-end lease?</h3>

An open-end lease serves as a  rental agreement whereby the one that is to make a periodic lease payments enter an agreement with the owner  so as to be able to make balloon payment at the end of the lease agreement.

Therefore, in this type of lease, there will no be extra pay at that time based on the residual value of the item.

Read more on lease here:

brainly.com/question/24460932

#SPJ11

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A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 6%. These b
Dennis_Churaev [7]

Answer:

More than $500,000.

Explanation:

In the case when the coupon rate is more than the market interest rate so the bond would be on premium

And, if the coupon rate is less than the market interest rate so the bond would be on discount

And if both are equal so it should be in par

Now in the given case, since the rate of interest is 7% and the market rate of interest is 6% so it would be on premium

That means the bond price would sell at more than $500,000

8 0
3 years ago
For national security reasons a government decides that all of its base metal industry should not be located in the same geograp
Novosadov [1.4K]

Answer:

C

Explanation:

it sounds the best idk really.

6 0
3 years ago
Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 $ 260,000 Accounts Rec
Amiraneli [1.4K]

Answer:

1. Suzuki estimates 12% of receivables: Net income (before taxes) in 2021 decreases by $5,500  and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales: Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

Explanation:

1. Suzuki estimates 12% of receivables

Bad debts are estimated: 12% x $55,000 = $6,600

Before adjusting, Allowance for Uncollectible Accounts balance of $1,100 (credit).

Bad debts expense = $6,600  - $1,100 = $5,500

The entry will be made:

Debit Bad debts expense $5,500

Credit Allowance for Uncollectible Accounts $5,500

Net income (before taxes) in 2021 decreases by $5,500  and total assets in 2021 decreases by $5,500

2. Suzuki estimates 3% of credit sales

Bad debts are estimated: 3% x $260,000 = $7,800

The company uses the percentage of sales method.

Bad debts expense = $7,800

The entry will be made:

Debit Bad debts expense $7,800

Credit Allowance for Uncollectible Accounts $7,800

Net income (before taxes) in 2021 decreases by $7,800 and total assets in 2021 decreases by $7,800

7 0
2 years ago
Brian is the 99% shareholder, president, and director of Arapine Corp. He frequently uses the corporation credit card for his pe
Alika [10]

Answer: (C) Brian is liable because the court will pierce the corporate veil.

Explanation:

The phrase "PIERCING THE CORPORATE VEIL" is used to describe a situation where a Court decides to hold Corporate Shareholders and/or LLC Owners personally liable for the liabilities of a corporation.

When individuals act in a way that does not separate them from the company (dissolving this 'veil'), the Court looks upon this seriously and treats it in kind. Some instances of this happening are, failure to keep business and personal funds separate and diverting business assets for personal use without proper documentation as Brian seems to have done.

For this reason, the Court will very much likely Pierce the veil.

If you need any clarification do react or comment.

6 0
3 years ago
Eric sees this new assignment as an increase in​ ________, or an obligation or expectation for him to perform at a new level.
Triss [41]
The answer will be Responsibility Correct
7 0
2 years ago
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