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charle [14.2K]
2 years ago
6

The journal entry for recording payment for the short-term lease of a fixed asset would?

Business
1 answer:
wlad13 [49]2 years ago
3 0

The finance lease is the journal entry can be created by debiting the lease asset account and crediting the lease liability account. The amount of lease asset or lease liability recorded in this journal entry is the fair value of total lease payments.

Because short-term leases are not capitalized, no depreciation expense on the right of use asset or finance cost on the lease liability is recognized. Payments on short-term leases are expensed by the less on a straight-line or other systematic basis.

Debit the appropriate fixed asset account and credit the capital lease liability and account with the amount.

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Tony has realized that two activities (A and B) in his project cannot be done at the same time because not enough resources are
iVinArrow [24]

Answer:

He should schedule the activity with the least slack, that means the activity B.

So, B. He should scheduel activity B first.

5 0
3 years ago
1) Do you think there is/are any action(s) by Jessops Group Limited, that can be considered as a Corporate Social Responsibility
irina [24]

Answer:

<h2>Yes</h2>

Explanation:

Yes, Jessops  is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.  

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.  

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to  become market leader in imaging industry.

7 0
3 years ago
Assume prices and dividends are at the start of the year. Over this four year period, what are the arithmetic and geometric aver
Sergeeva-Olga [200]

Answer:

i don't know

Explanation:

5 0
3 years ago
Ethnocentric managers believe that their native country, culture, language, and behavior need to be changed. are equal to all ot
Levart [38]

Answer:

are superior to other cultures.

Explanation:

  • Ethnocentrism is the belief that indigenous culture, customs, and way of life are more important than other cultures. Ethnographers believe that their own culture, country, language and all other characteristics are superior to other cultures.
  • so correct answer are superior to other cultures.
3 0
3 years ago
When calculating the balance of the sales revenue account, you find that the balance is lower than expected. However, according
tamaranim1 [39]

The balance in the sales revenue is lower than expected is due to may be you forgot to record the journal of sales transaction.

Journal is the first step to record the transaction . under this accounts are debited and credited which is based upon the transaction. After recording of journal it is posted in the ledger account which effects all the financial performance.

As journal entry is not recorder there will be no impact in the balance sheet which results in the equalization of all debits and credit.

For recording of the journal sales account is credited where cash or debtors account is debited. So if it is forgot to record then it will not impact any of the account.

This may be concluded as error to forgot to record the transaction. To avoid this invoice of each sale should be matched with the journals . Proper audit of accounts should be done on timely basis.

To know more about journal entry:

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8 0
1 year ago
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