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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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Given a normal selling price per unit of $750, what is the contribution margin per unit sold for recurring (i.e., normal) sales
Usimov [2.4K]

Answer:

$396

Explanation:

Calculation for the contribution margin per unit sold for recurring sales

Using this formula

Contribution margin per unit = Normal Selling price per unit - (Direct material +Direct labor+Variable factory overhead)-Variable selling & administrative costs

Let plug in the formula

Contribution margin per unit = $750 - ($120+ $150 + $60) - $24

Contribution margin per unit = $750 - $330 - $24

Contribution margin per unit= $396

Therefore the contribution margin per unit sold for recurring sales will be $396

5 0
3 years ago
On December 31, Year 1, Taylor, Inc. signed a binding agreement with a bank for the refinancing of an existing note payable sche
Scrat [10]

Answer

The note must be reported on the balance sheet as of December 31 for the total outstanding value, since the refinancing does not change the value to be paid only affects the terms and interests, also the financing will only be made in January of year 2

5 0
3 years ago
In a gift of a parcel of real estate, one of the two owners was given an undivided 60 percent interest and the other received an
hram777 [196]

Answer:

D) Tenants in common

Explanation:

To be tenants in common you must be part of a tenancy in common agreement. A tenancy in common agreement is a situation in which 2 or more people hold interest in a property and each owner has the right to leave their share of the property to a beneficiary upon their death.

This doesn’t mean you own separate parts, but that you have separate interest in the whole property.

Tenants in common can have different ownership interests, e.g. Smith may own 60% of a property and Michael may own 40%.

4 0
3 years ago
What gives the us government the right to collect taxes?
irakobra [83]
The sixteenth amendment 
8 0
3 years ago
Read 2 more answers
What did president hoover do to devise strategies for improving the economy?
olga nikolaevna [1]

The above answer is definitely correct in its details.  I'd just like to emphasize a couple of important ideas about Hoover's response.

<span>He tried to do more to fix the economy than any president had ever done before.  The government had been very hands-off up to that point.He believed the government should not go in debt no matter what.  This limited what he was willing to do.  Please note that economists back then agreed with this idea so it's not like Hoover was just being mean.  In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.</span>

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do.  But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

7 0
3 years ago
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