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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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What is the primary responsibility of oversight bodies (such as an irb or iacuc)?

mojhsa [17]

The primary responsibility of oversight bodies (such as an IRB or IACUC) is to assess legal-regulatory compliance, and if applicable, to protect research subjects.

Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

Being responsible entails carrying out your obligations and accepting the consequences of your decisions. A duty is something you are required to do. Being responsible means carrying out your obligations. Taking ownership of your actions means accepting both the credit and the blame for what you have done.

Three Categories of Responsibilities Every Business Owner Must Fulfil

environmental obligations.

obligations to comply.

Customer obligations.

Responsibility is crucial because it gives people a feeling of purpose and helps society develop resilience in the face of hardship. Like an addiction, avoiding responsibilities may feel wonderful in the short run, but it results in misery and suffering that is tenfold worse in the long run.

To learn more about Responsibility visit here:

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3 0

1 year ago

Tiptoe shoes had annual revenues of $201,000, expenses of $111,700, and dividends of $24,400 during the current year. the retain

Andreyy89

Entry to close the income summary account at the end of the year:

At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:

Net income = Revenue – Expenses = 201,000-111,700 = $89,300

Hence the entry to close the income summary account at the end of the year shall be as follows;

Income Summary Debit $89,300

Retained earnings Credit $89,300

4 0

3 years ago

I have a business. I have 20 workers and 100 dollars!!! How do I split it??????

Andreyy89

You have 20 workers and $100.00

100.00/20workers = $5.00/ worker.

Just hand each one $5.00 and say Thanks Good Job!

Check: $5.00 x 20 = $ 100.00

8 0

3 years ago

The Harleysville Manufacturing Shop produces motorcycle parts. Typically, 10 pieces out of a job lot of 1,000 parts are spoiled.

Murrr4er [49]

Answer:

Materials Control $ 250

Manufacturing Overhead Control $1,000

Work-in-Process Control $1,250

Explanation:

spoilage rate: 10/1000 = 0.01=1%

the job requires 2,500 goods parts

total part required (considering spoilage)

$\frac{requirement}{1-spolage} =$total needs$

2,500 /(1-0.01) = 2500/ 0.99 = 2525.2525 = 2525

2525-2500 = 25 spoilage part

in this case you may think you can simple do 2,500 x 0.01

But if the spoilage rate is high or the amount of high is, then you will have an answer different than the correct method. Stick to the formula given.

25 part x 50 = 1,250

From the work in process, we will subtract this value, we will increase the spoilage materials inventory and charge the diference as actual overhead.

Materials Control $ 250

Manufacturing Overhead Control $1,000

Work-in-Process Control $1,250

4 0

3 years ago

Sam Peters is the sole proprietor of Charismatic Cats, a business specializing in the sale of high-end pet gifts and accessori

deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business. This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0

4 years ago