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spin [16.1K]
3 years ago
14

At January 1, 2019, Alpha leased restaurant equipment from Spring Corporation under a six-year lease agreement in a finance leas

e. The lease agreement specifies annual payments of $20,000 beginning January 1, 2019, the beginning of the lease, and at each December 31 thereafter through 2023. The equipment was acquired recently by Spring at a cost of $120,000 and was expected to have a useful life of eight years with no salvage value at the end of its life. Spring seeks a 5% return on its lease investments. The total decrease in earnings (pretax) in Alpha December 31, 2019, income statement would be:
Business
1 answer:
andrey2020 [161]3 years ago
7 0
Under 6 years ago in 2019 leases out
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As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
zaharov [31]

Answer:

decisional

Explanation:

She is playing a decisional role in the above scenario since she has to make the necessary arrangements and arguments and select the best possible price for the given scenario.

7 0
3 years ago
"Division A, which is operating at capacity, produces a component that currently sells in a competitive market for $25 per unit.
Travka [436]

Answer:

$25 per unit

Explanation:

Data provided in the question

Selling price per unit = $25

Fixed cost per unit = $8

Variable cost per unit = $10

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3 years ago
Notes or accounts receivables that result from sales transactions are often called A. non-trade receivables.B. trade receivables
oksian1 [2.3K]

Answer:

B. trade receivables

Explanation:

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7 0
3 years ago
Great Harvest Bakery purchased bread ovens from New Morning Bakery. New Morning Bakery was closing its bakery business and sold
ddd [48]

Answer:

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Purchase price                         $700,000

Add: Freight cost                     $35,000

Add: Electrical connections    $5,000

Add: Labor costs                      $37,800

Add: Bred dough used            $900

Add: Safety guards                  <u>$1,500</u>

Total cost of Equipment         <u>$780,200</u>

<u></u>

Note: Repairs cost of $5,000 will not be included

5 0
3 years ago
Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
Minchanka [31]

Answer:

$2.58 per machine hour

Explanation:

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= ($461,000 × 15%) + ($123,000 × 15%) + ($207,000 × 20%) ÷ 50,000 machine hours

= ($69,150 + $18,450 + $41,400) ÷ 50,000 machine hours

= $2.58 per machine hour

5 0
2 years ago
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