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Maurinko [17]
3 years ago
15

What is a lease?

Business
2 answers:
jok3333 [9.3K]3 years ago
7 0
A. Contract outlining the terms under which a landlord agrees to rent property to a tenant.
Elodia [21]3 years ago
4 0
A a lease is like renting something ( example: joe leased his corvette from the Chevrolet dealership he lease his corvette for three year then brung it back and bought a 2018 corvette
I hope that helped
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Precision Camera Services started the year with total assets of​ $120,000 and total liabilities of​ $40,000. The company is a so
eimsori [14]

Answer:

$125,000

Explanation:

Opening values of;

Total assets =​ $120,000

Total liabilities = $40,000

Total equity = $120,000 - $40,000 = $80,000

During the year,

Total revenues = $140,000

Total expenses = $50,000

Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

                                           = $45,000

This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the​ year = $80,000 + $45,000  

                                                               = $125,000

3 0
3 years ago
One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re
Bess [88]
<span>This liability is called the insurer's "loss reserve".</span>

Loss reserve<span> is a gauge of an insurer's liability from future cases. <span>Loss reserves</span> most often contain liquid resources, and they enable the insurer to cover claims made against strategies that it endorses. Assessing liabilities can be a difficult task. Insurers need to regulate loss reserve estimations as the situation change.</span>

8 0
3 years ago
What financial behaviors will typically lead to a low credit score everfi?
Arisa [49]
Maxed out credit cards
7 0
3 years ago
While researching the feasibility of converting her company's products to solar energy, Hailie reads several reports on innovati
Marina CMI [18]

Answer:

d. generate her own conclusions and recommendations.

Explanation:

Analyzing the information in the question above, the most suitable option for Hailie's company would be to generate its own conclusions and recommendations, since there are two approaches, positive and negative about innovations in the use of solar energy, so it would be ideal for Hailie to use the approach that best suited her company, for that she could analyze whether the energy benefits for the company's products would meet the high costs and thus draw her own conclusions.

This can also be a strategy for positioning the company that can generate value for stekolhders, since the use of sustainable products and energies is a highly valued issue today, where companies are seen as active agents of social and environmental development and protection.

3 0
3 years ago
An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful A
alex41 [277]

Answer:

2800

Explanation:

By the following we get:

4000 - 1200 = USD 2800/-

6 0
3 years ago
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