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pogonyaev
3 years ago
12

The purpose of a lease is _____.

Business
1 answer:
REY [17]3 years ago
7 0
The purpose of a lease is a rent. When you "lease" something, that's the business term of renting something ;-)
You might be interested in
A small construction company has $110,000 set aside in a capital improvement fund to purchase new equipment. If $18,000 is inves
romanna [79]

Answer:

21.26%

Explanation:

Overall rate of return = Total amount of dollar returns / Total investment

Overall rate of return =  [($18,000 * 26%) + ($22,000 * 15%) + ($70,000 * 22%)] / $110,000

Overall rate of return = ($4680 + $3300 + $15400) / $110,000

Overall rate of return = $23,380 / $110,000

Overall rate of return = 0.21255

Overall rate of return = 21.26%

8 0
3 years ago
The Doodad Company purchases a machine for $440,000. The machine has an estimated residual value of $40,000. The company expects
Alika [10]

Answer:

Annual depreciation= $35,000

Explanation:

Giving the following information:

The Doodad Company purchases a machine for $440,000.

The machine has an estimated residual value of $40,000.

The company expects the machine to produce eight million units.

The machine is used to make 700,000 units during the current period.

To calculate the depreciation expense under the units-of production method, we need to use the following formula.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(440,000 - 40,000)/8,000,000]*700,000

Annual depreciation= 0.05*700,000

Annual depreciation= $35,000

5 0
3 years ago
When you're planning a convention, which of the following steps would you complete first? A. Select the site. B. Write the invit
blagie [28]
Hello,

Here is your answer:

I think the proper answer to this question will be option A "select a site". That's just because when planing a convention you have to find a place to hold it, form the committee, write the program, and then you have to write invites.

Your answer is A!

If you need anymore help just ask me!
7 0
3 years ago
Brown and Lowery, Inc. reported $470 million in income before income taxes for 2018, its first year of operations. Tax depreciat
damaskus [11]

Answer:

$20 Million

Explanation:

  • Reported Income before taxes for 2018= $470 Million
  • Tax Depreciation excess over Financially Reported Depreciation= $ 50 Million
  • Income Tax rate for 2018= 35%
  • Enacted Rate for Years after 2018= 40%

Calculation

  • The Deferred Tax Liability= Excess of Tax Depreciation over Financially Reported Depreciation × Enacted Tax Rate
  • = $50,000,000 × 40%
  • =$20,000,000

Deferred Tax Liability

This represents the tax due for a particular period but yet to be paid. A deferred tax liability is the indication that an organisation will have to pay mor tax in the future as a result of a current transaction.

In the situation of Brown and Lowery, the Deferred tax is an applied tax rate to the excess of tax depreciation over financial reporting depreciation.

Based on International Accounting Standard (IAS) 12, Deferred tax liability should be calculated using the Enacted rate for years after the current period.

Also, $50,000,000 is the excess of tax depreciationi over depreciation used for financial reporting, however, since the firm has a $20, 000,000 which is a non-tax deductible expense then it will not affect our Deferred Tax Liability Calculation.

8 0
3 years ago
People are willing to pay a higher price if they believe that supplies are ______.
ratelena [41]
C. Limited

If you have a small amount of product/resources that means that it is rare, and therefore more valuable.

For example, in the U.S. economy, there is a limited amount of currency, and that is what makes the currency valuable.

Or the better example, in a game like Minecraft, the resource "diamond ore," is only worth value to the player because it is a Limited resource, and it does not spawn often.

Hope this helps!
4 0
3 years ago
Read 2 more answers
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