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Stells [14]
3 years ago
8

Assume that a lessor applies the five criteria to a lease involving equipment and determines that a lease should be classified a

s a sales-type lease. The entry the lessor will record at the beginning of the lease will include a _______.
Multiple Choice:
O Credit to Right-of-use asset for the carrying amount of the equipment.
O Credit to Right-of-use asset for the present value of the lease payments.
O Debit to Lease receivable for the present value of the lease payments.
O Debit to Lease receivable for the sum of the cash payments over the term of the lease.
Business
1 answer:
Vaselesa [24]3 years ago
4 0

Answer:

Debit to Lease receivable for the sum of the cash payments over the term of the lease.

Explanation:

Lease payments are classified as an asset receivable to the lessor in the future. Hence we debit lease receivable.

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Answer: C.

Explanation:

Prices of substitutes in foreign markets is not important when setting export prices because it does not involve exporting products, money, etc.

3 0
3 years ago
Gerard Company reported sales of $300,000 for 201 0; $330,000 for 2011; and $360,000 for 2012. If the company uses 2010 as the b
nevsk [136]

Answer:

%variation 2011= 10%

%variation 2012= 20%

Explanation:

Giving the following information:

Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.

The percentual variation is calculated by the following formula:

%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100

%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%

%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%

5 0
3 years ago
Splish Company sells a machine for $7,220 with a 12-month warranty agreement that requires the company to replace all defective
storchak [24]

Answer:

Explanation:

Had to use microsoft word in other to be able to arrange the solution properly. And i hope it helps you. Thank you

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3 0
3 years ago
Why do you think the 4 components of media measurement are important?
Blizzard [7]

Answer:

audience, impression, frequency, and cost per thousand (CPM) 3.

Reach””The number or percent of different homes or persons exposed at least once to an advertising schedule in one or more media vehicles over a given period of time.

Frequency””The average number of times that the household or person is exposed to a media vehicle, schedule or campaign over a given time period.

3 0
3 years ago
Which of the following is not one of the key components of effective teams?A) team efficacyB) company reputationC) adequate reso
Annette [7]

Answer:

<u>C) adequate resources</u>

Explanation:

  • Teamwork is work that is dependent on the member of the organization that forms a team network and is characterized by the smart work performed together in an effective and efficient style.  
  • The several other components include open communication, effective coordination, efficient cooperation and high levels of interdependence. Thus the team is an action-oriented workforce, with forming, norming and storming of the performance.
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3 years ago
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