Answer:
Which of the following is an example of a service business?
Enterprise Rent-a-Car
Explanation:
Enterprise Rent-a-car is rendering a service which is to give away car to customer for a particular period or time in exchange for money so it is a service business
Answer:
Avoids coordination expenses and delays.
Explanation:
Outsourcing can be defined as a type of business practice in which an organization assigns some of its activities to a third party. It can also be described as the practice in which a company hires another company to carry out various operations and tasks.
The importance of outsourcing include:
- It gives the organization access to more skilled individuals.
- it lowers the cost of production.
- it provides more flexibility to the employees.
- it enables the company to concentrate on more vital operations.
Answer:
C. Pillar's original cost less Salt's recorded gain
Explanation:
For physical assets, that is in the form of machineries or computer hardware or in this case, equipment, we can calculate the carrying cost to be the original cost minus accumulated depreciation.
in answer to this question, the carrying amount of the equipment should be reported at <u>Pillar's original cost less Salt's recorded gain.</u>
shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease
<h3>What is
lease?</h3>
A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.
The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).
Finance leasing, operating leasing, and contract hire are the three main types of leasing.
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