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inessss [21]
1 year ago
13

xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real

estate taxes and premiums for insuring the building. what type of lease did xyz company sign...?
Business
1 answer:
erastovalidia [21]1 year ago
4 0

If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

<h3>What is Double net lease?</h3>

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

Therefore the type of lease xyz company sign is:<u> Double net lease.</u>

Learn more about  double net lease here:brainly.com/question/14244511

#SPJ1

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Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. Th
netineya [11]

Answer:

A) 100

Explanation:

total sales 3,600 units

cost per unit $200

cost of placing order $40

holding cost $20 per year

working days 360 per year

lead time 5 days

If Mark orders 200 units each time, his average inventory ?

daily sales = total sales / working days = 3,600 / 360 = 10 units per day

number of orders per year = 3,600 / 200 = 18

Mark places one order every = 360 days / 18 orders = 20 days

average inventory = (200 units / 20 days) x 10 days = 100

I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.

8 0
3 years ago
Paying attention to the trends that might impact your future career is called?
salantis [7]
I think the answer would be futurecasting. It is one method used in strategic planning. It involves the practice of perceiving what you future might be looking at present trends and how would this affect the future. Hope this answers the question.
7 0
3 years ago
On January​ 1, 2017,​ Sophie's Sunlounge owned 4 tanning beds valued at​ $20,000. During​ 2017, Sophie's bought 3 new beds at a
Natali5045456 [20]

Answer:

Net Investment = 4,000

Explanation:

Gross Investment = 10,000

Depreciation = Market Value - Book value

Depreciation =26,000 - 20,000

Depreciation = 6,000

Net Investment = Gross Investment - Depreciation

Net Investment = 10,000 - 6,000

Net Investment = 4,000

NOTE: Gross investment for 2017 will be the 3 new beds that Sophie bought during 2017 at a total cost of 10,000. To calculate Net investment we should calculate depreciation first by deducting book value from market value.

4 0
3 years ago
Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face amount of $7
snow_lady [41]

Answer:

The Journal entry and their narrations for recording the bonds retirement is shown below:-

Explanation:

The Journal entry is shown below:-

Bonds payable Dr,                                 $70,000  

Loss on redemption of bonds Dr,         $3,832

($68,000 - $64,168) 

            To Bond discount amortization           $5,832

($70,000 - $64,168)

             To Cash                                               $68,000

(Being bonds retirement is recorded)

So, for recording the early retirement of the bonds we debited the bonds payable and loss on redemption of bonds and credited the bond discount amortization and cash.

6 0
3 years ago
Vigeland Company completed the following transactions during Year 1. Vigeland’s fiscal year ends on December 31. Jan. 15 Purchas
Darya [45]

Answer:

                                         VIGELAND COMPANY

                                           Journal Entries

Date                Description                                    DR                     CR

Jan 15            Merchandising Inventory              14,400

                      Cash                                                                       14,400

                      Being record of inventory purchase

April 1        Cash                                                     708,000

                 14% Note payable                                                      708,000

               Being the record of note payable issued

June 14      Bank                                                        26,000

                  Unearned Income                                                      26,000

             Being the record of deposit received

July 15         Unearned Income                                    2,850

                  Service  Revenue                                                          2,850

                Being the payment for the services rendered

Dec 12        Electricity bill payable                                26,760

                   Electricity bill expenses                                               26,760

              Being the unsetled bill for the year

Dec 31     Wages payable                                                 29,000

               Wages Expenses                                                              29,000

Explanation:

6 0
3 years ago
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