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gtnhenbr [62]
3 years ago
9

Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at

the beginning of every month. This is an example of an annuity duea.trueb.false
Business
1 answer:
matrenka [14]3 years ago
7 0

Answer: TRUE

Explanation: Annuity is a financial term or financial Product which enabled individuals to invest funds to gain streams of income when the terms agreed have been met.

Annuity have basically two phases which includes the ACCUMULATION PHASE(the phase where the investor is still finding the Annuity) and a ANNUITISATION PHASE(the phase from when the Stream of payment starts to be paid by the financial institution).

Annuities can be made to be very flexible in which it can be for a FIXED,UNTERMED, DEFERRED etc.

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A disadvantage of the corporate form of business ownership is that:
Roman55 [17]

Answer:

b) most shareholders have little direct control over how the company is managed.

4 0
3 years ago
The Allowance for Bad Debts account has a credit balance of $ 5 comma 000$5,000 before the adjusting entry for bad debts expense
GaryK [48]

Answer:

62,200 allowance ending

Explanation:

allownce 5,000 credit

<u>Because the bad debt is calculate over the sales,</u> the bad debt expense is the result of that estimated, without considering the beginning balance of the allowance.

22% of net credit sales will be uncollectible:

260,000 x 22% = 57,200

<u>Now ending balance will be beginning + uncollectible for the period</u>

5,000 beginning

57,200 uncollectible for the period

62,200 allowance ending

4 0
3 years ago
Read 2 more answers
Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea
Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

Explanation:

The activity based costing is the costing that helps to allocated the indirect cost or we can say the manufacturing overhead cost with the help of the many cost drivers  or the many activity cost pools

Like if we allocate the setup cost so we have to allocated with the number of machine setups.

For the inspection cost, the number of inspections is required so that the allocation could be done

5 0
3 years ago
Which of the following are risks that Banks must prepare for select 3 answers <br><br>​
n200080 [17]

Answer:

I think one is borrowers who don't pay back

Then I think that interest rates falling is also one

These are the only ones I can think of. hope they help

7 0
2 years ago
20 out of 45 men surveyed liked beef. What percentage of men did NOT like beef? (Round up to nearest %.)
Juliette [100K]
I'm not a mathematician but I'm going to go out on a limb here and say 44%!
6 0
3 years ago
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