Answer:
-The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.
-The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.
-The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.
Explanation:
The mode of reporting in an operating lease is slightly different from that in a finance lease. For example, the lessor can use a straight-line form of reporting he revenue while the lessee can use a straight-line form of reporting the expense for the given term of the lease. The lessee and lessor usually report expense and revenue respectively.
Answer:
required purchase 83,500
Explanation:
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
cost of inventory sales for July:
70,000 x (1 - 45%) = 38,500
desired ending inventory 105,000
beginning inventory <u> (60,000) </u>
required purchase 83,500
Answer:
Salesman
Explanation:
A Salesman, also called a Sales Representative or Salesperson, sells products or services to businesses or consumers. - JH
<span>a narrow span of management implies that the height of the organization will be long; a wide span of management implies that the height of the organization will be short.
This is because in a narrow span of management, less people work under each manager and therefore, there will be more levels of hierarchy making the height of the organization longer and the vice versa applies.
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