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3 years ago

At the end of the car lease, you pay a certain amount if you decide to buy the car.. . What is this amount called?

2 answers:

6 0

At the end of a car lease, when you pay a certain amount if you decide to buy the car is called a lease end buy out. Many people choose to do this because it is cheaper than buying a new car.

Ludmilka [50]3 years ago

5 0

At the end of the car lease, you can pay a certain amount if you decide to buy the car. This amount is called the lease end buyout. If you decide to keep the car you pay the lease end buyout amount that was talked about when you first leased the car, this type of buyout attracts many consumers because they have already put money into the car for their lease contract and can save money buy purchasing their current leased vehicle.

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Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on

AlladinOne [14]

Answer:

Saddle Inc.

1. Overhead rate using the traditional (plantwide) approach is:

= $1.84

2. The overhead rates using activity-based costing approach are:

Machining = $72.49

Machine setup = $211.69

3. The difference in allocation between the two approaches:

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

Explanation:

a) Data and Calculations:

Total estimated overhead costs = $300,000

Machining activity = $195,000

Machine setup activity = $105,000

Standard Custom Total

Direct labor costs $60,000 $103,000 $163,000

Machine hours 1,400 1,290 2,690

Setup hours 96 400 496

Overhead rate based on direct labor costs = $1.84 ($300,000/163,000)

Overhead rates using activity-based costing approach:

Machining = $72.49 ($195,000/2,690)

Machine setup = $211.69 ($105,000/496)

Allocation of overhead costs:

Standard Custom Total

Using plantwide $110,400 $189,520 $299,920

Using ABC:

Machining $101,486 $93,512 $194,998

Machine setup 20,322 84,676 104,998

Total costs $121,808 $178,188 $299,996

Differences:

ABC approach $121,808 $178,188 $299,996

Using plantwide $110,400 $189,520 $299,920

Differences $11,408 -$11,332 $76

6 0

3 years ago

EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $312 in cash along with receipts for the follow

fredd [130]

EcoMart establishes General Journal

May 2

Dr Petty cash 1050

Cr Cash 1050

May 30

Dr Merchandise inventory 120

Dr Postage expense 359

Dr Miscellaneous expenses 240

Dr Cash short and over 9

Cr Cash728

June 1

Dr Petty cash 150

Cr Cash 150

Workings:

May 30,Merchandise inventory 120+ Postage expense 359+ Miscellaneous expenses 240+ Cash short and over 9 = $728

June 1

1050-1200= 150

7 0

3 years ago

Hunter has always been great at math. He has an accounting degree and wants to work for the federal government in the Governance

rusak2 [61]

United States EmbassyUnited Postal ServiceMunicipal Taxation Department<span>Internal Revenue Service?

which one

</span>

4 0

3 years ago

Read 2 more answers

Which of the following sentences uses colons correctly? Check all that apply. The first four mechanical errors were compounded b

ivanzaharov [21]

Answer:

C. Participants in the seminar will hear lectures on a variety of topics: building professional networks, managing retirement portfolios, and maximizing career opportunities.

Explanation:

In English language, colons introduce clauses/sentences which illustrates, explains, expands, or throws more light on the information/sentence that preceded the colon.

They may be used between independent clauses when the second sentence explains the first sentence.

The answer above informed us what participants will hear at the seminar with the help of a colon.

6 0

3 years ago

the percentage change in quantity demanded is 1 percent greater than the percentage change in price. the percentage change in qu

FrozenT [24]

Answer:

This refers to price elasticity of demand.

Explanation:

The price elasticity of demand (PED) measures how much does the quantity demanded of a good or service changes proportionally to a 1% change in the price of the good or service.

-the percentage change in quantity demanded is 1 percent greater than the percentage change in price.

ELASTIC DEMAND: when the change in quantity demanded is proportionally greater than the change in price.

-the percentage change in quantity demanded is equal to the percentage change in price.

PRICE UNITARY DEMAND: e.g. if the price increases by 10%, the demand decreases by 10% (the same proportion).

-the percentage change in quantity demanded is 100 percent greater than the percentage change in price (in absolute value).

ALMOST PERFECTLY ELASTIC DEMAND: if a product has a perfectly elastic demand, any small change in price will increase or decrease the quantity demanded to either infinite (price decrease) or zero (price increase). No demand is perfectly elastic, but a demand that changes by 100% more than the price change is very similar to this concept.

-quantity demanded does not respond to changes in price.

PERFECTLY INELASTIC DEMAND: the quantity demanded doesn't change if the price changes. This rarely happens in real life as well as the perfectly elastic demand.

7 0

3 years ago