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3 years ago

Points out of 1.00 Not flaggedFlag question Question text From the lessee's perspective, in the first year of a lease,

Business

2 answers:

Vinvika [58]3 years ago

5 0

Answer:

A) a finance lease will cause debt to increase, compared to an operating lease

Explanation:

In a financial lease, the lessee assumes the ownership of the leased asset, and must depreciate it in the same way it would depreciate other similar assets held. While the lessee depreciates the leased asset, the lessor must amortize it. That is why the lessee must record the value of the financial lease as a liability.

On the other hand, an operating lease doesn't transfer ownership, so the lessee only has to record the lease as an expense in the income statement.

Tasya [4]3 years ago

3 0

Answer:

A) a finance lease will cause debt to increase, compared to an operating lease

Explanation:

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Metlock Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at

denis23 [38]

Answer:

Entry for december 1, 2021:

Purchase Inventory=$853,000

Liability on purchase commitment=$902,900-$853,000

Liability On purchase commitment=$49000

Cash=$902,900

Explanation:

Entry for december 1, 2021:

Purchase Inventory=$853,000

Liability on purchase commitment=$902,900-$853,000

Liability On purchase commitment=$49000

Cash=$902,900

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3 years ago

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common

Katyanochek1 [597]

Answer:

Explanation:

Particulars Amount

Common stock $15 par value 594,000

Paid-In Capital in Excess of Par—Common Stock <u> 15,840</u>

Total Paid-In Capital 609,840

From sale of Treasury stock 24,400

Add: Retained Earnings 932,000

Deduct: Treasury Stock (645 shares) <u>12,255</u>

Total Stockholders' Equity 1,553,985

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3 years ago

The typical starting point of any firm's marketing mix is the:____________

soldier1979 [14.2K]

Answer: E. development of the good or service to be sold

Explanation:

The typical starting point of any firm's marketing mix is the development of the good or service to be sold. The marketing mix is simply a mix of the marketing strategies that are vital to achieve marketing aims and increase sales.

It should be noted that marketing mix begins with the product and without this, distribution, pricing and the promotion are not relevant.

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4 years ago

How did you feel while you were filling out the inventory?nervous, curious, stressed, relaxed, etc

Usimov [2.4K]

I feel stressed reading this question as it has no context but the question is asking for your opinion. there really is no wrong answer

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3 years ago

Read 2 more answers

Joe is one of the lead accountants for his company. Last month he was pressured to prepare the financial reports more quickly th

Minchanka [31]

Answer:

Explained.

Explanation:

Joe being the lead accountant for his company so, he prepares the financial reports.

Joe made mistakes in financial report making his manager angry because the resources at the Joe's company are limited and financial report that are timely and reliable would have helped the company to attract some financial investment.

6 0

3 years ago