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LiRa [457]
3 years ago
13

Match the below mention description with given terms. If there is no match then write "No match"

Business
1 answer:
Serggg [28]3 years ago
5 0

Answer:

1. No match.

2. Rebate.

3. No match.

4. No match.

5. Lease.

Explanation:

1. No match: This is the worth of the leased asset after the lease period expires.

  • The worth of the leased asset after the lease period expires is known as Residual value.

2. Rebate: This is a partial refund offered to attract the buyer to purchase the vehicle.

3. No match: This is the price of an asset being leased as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes.

  • Capitalized cost refers to the price of an asset being leased as specified in the lease agreement, which includes the negotiated cost of the vehicle and any applicable fees and taxes.

4. No match: This is the advertised retail price listed on a particular vehicle for sale.

  • Sticker price is the advertised retail price listed on a particular vehicle for sale.

5. Lease: This is a contract which allows the lessee (consumer) to use the asset, such as car, land, services etc., in return for a specific amount paid periodically.

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Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no b
Sveta_85 [38]

Answer:

$136

Explanation:

Date      Transaction       Units         Cost           Total          

3             Purchase             5            $20             $100

10            Sale                     3

17            Purchase            10            $24            $240

20           Sale                     6

23           Sale                     3

30           Purchase           10             $30            $300

using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:

6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.

7 0
3 years ago
In economics, why must consumers, businesses, and governments make choices?
Rainbow [258]
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange. 
4 0
2 years ago
Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p
julia-pushkina [17]

Answer:

A. Change in accounting principle (reported retrospectively) - PR

B. Change in accounting principle (exception reported prospectively) - PP

C. Change in estimate - E

D. Change in estimate resulting from a change in accounting principle - EP

E. Change in reporting entity - R

F. Correction of an error - N

4 0
3 years ago
Kevin has had a checking account for a month. As he reconciles his account, Kevin notices that the dates on his check register d
ale4655 [162]
I think the likely response from the bank is that probably the date when you issued the checks is not the same when the beneficiary cashed or deposited them.
5 0
3 years ago
Fred purchases a bond, newly issued by the Big Time Corporation, for $10,000. The bond pays $400 to its holder at the end of the
natali 33 [55]

Answer:

The correct answer is $10,000, 4% and 4th year.

Explanation:

According to the scenario, the given data are as follows:

Initial purchase = $10,000

At the end of 1st, 2nd and 3rd year = $400

At the end of 4th year = $10,400

(1). The principal amount of this bond is $10,000.

As Initial purchase of bond = Principal amount of bond.

(2). The coupon rate is 4%.

As, at the end of 4th year it pays = $10,400

Here, Principal amount = $10,000 and coupon value = $400

So, Coupon rate = $400 ÷ $10,000 = 4%

(3). The term of this bond is 4 years.

As the principal amount is repaid fully at the end of 4th year.

3 0
2 years ago
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