All categories

3 years ago

What is a lease? help me please

Business

2 answers:

andrew-mc [135]3 years ago

7 0

A contract that conveys land

SOVA2 [1]3 years ago

4 0

Its like renting but you have the option to buy at the end i believe.

You might be interested in

Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe

dedylja [7]

Answer:

Explanation:

Feb. 1

prepaid rent 200

Cash 200

To record the advance rent payment

Feb. 4

Cash 800

Advance liability 800

To record received for future supplies

Feb. 7

Cash 900

Contract liability 900

Payment for the service to be provided

Feb. 10

Advance wages 1200

Cash 1200

Advance wages payment to pilot

Feb. 14

Adv to Advertise 100

Cash 100

Advance payment for advertisement expense.

Feb. 18

Cash 795

Account receiveable 1710

Revenue 2510

To record the accrued revenue

Feb. 25

inventory 1730

Account payable 1730

purchases on credit

3 0

2 years ago

Which of the following is the best example of correlation not being the same as causation? A. A company redesigns a production p

Sauron [17]

Answer: D. During an economic downturn, a company changes its computer policy to only allow purchases of windows-based laptops and see profits go down. The company concludes that windows-based laptops cause profits to go down

Explanation:

In the other options, the new activity done by the company were definite causes of the effects that followed. A more efficient production process will cause gains in productivity. Coupons will bring in more sales and paying employees more will encourage them to engage in more sales.

Concluding that a computer type causes profits to go down however in a period where the economy as a whole is buying less, is simply correlation. In an economic downturn, people are buying less goods in general. The laptops will be no exception and it is not a reflection of people's preference or lack thereof of them.

7 0

2 years ago

Closely held corporations sell shares of stock to the public. <br> True <br> False

aev [14]

The answer to the question is false

4 0

3 years ago

Read 2 more answers

Lakeview Company completed the following two transactions. The annual accounting period ends December 31.

Ann [662]

Answer: Check attachment and explanation.

Explanation:

a. The question has been solved. Check the attachment.

b. LAKEVIEW COMPANY

Balance sheet (Partial)

December 31

Current liabilities

FICA Payable=$4800 + $4800= $9600

Charitable contribution payable = $2400

Withheld income tax payable = $6400

State and Federal unemployment tax payable = $560

Unearned rent revenue = $5700 - $3800 = $1900

Total current liabilities = $20860

6 0

2 years ago

Suppose a tire manufacturer wants to set a mileage guarantee on its new XB 70 tire. Tests revealed that the tire's mileage is no

kogti [31]

Answer:

The manufacturer should announce a guaranteed mileage of 44528 miles

Explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

$\mu = 47900, \sigma = 2050$