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Anvisha [2.4K]
3 years ago
6

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the:

Business
1 answer:
sdas [7]3 years ago
8 0

Answer:

D. Lessor is not obligated to compensate the lessee for the excess.

Explanation:

A lease agreement is a contract that allows for the use of an asset but does not convey ownership rights of the asset. It is a contract that exist between a lessor and a lessee that allows the lessee rights to the use of a property owned or managed by the lessor for a period of time.

If the residual value of a leased asset turns out to be more than the amount guaranteed by the lessee, the: Lessor is not obligated to compensate the lessee for the excess. because the lessee is  responsible for the condition of the property during the lease period.

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When the Fed sells government securities in the open​ market, the money supply​ ________ because​ ________. A. ​increases; banks
Brums [2.3K]

Answer: Option (B) is correct.

Explanation:

Open market operations: In Open market operations, there is a buying and selling of government securities by the central bank of a nation. It is a monetary policy instrument that is used to control money supply in an economy.

If Fed sells the government securities in the open market then as a result there is a transfer of from public to Fed. So, there is a fall in the money supply because banks lose liquidity. Now, banks are able to make fewer loans to the borrowers and checking deposits also decreases.

5 0
3 years ago
"Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to
vredina [299]

Answer:

My best advice for the spouse would be to designate herself as the new account owner, and since she is 62, she can start taking regular distributions from it. Any distributions that she takes will be taxed as ordinary income (the same rule would have applied to the late husband).

Explanation:

If she had her own IRA account (which is doubtful since she doesn't work), she could also roll over her late spouse's balance into her own account.

The wife's third option would be to treat herself as a beneficiary, not the owner or spouse, but that would only complicate things and result in higher costs.

5 0
3 years ago
What is meant by organ growth?​
yawa3891 [41]
An organ grew, probably I think
6 0
3 years ago
This year Luke has calculated his gross tax liability at $2,120. Luke is entitled to a $2,880 non-refundable personal tax credit
Tema [17]

Answer:

$3,460

Explanation:

Gross tax liability $2,120

Less non-refundable personal tax credit $2,880

Refundable personal tax credit $760

Hence:

Income taxes withheld $2,700+ $760

=$3,460

Luke’s non refundable personal credit reduces his gross tax to zero ($2120– 2,880) and $760of the unused credit expires unused.

The $1,740 unused business tax credit carries over and Luke receives a refund of $3,460($760 refundable credit + $2,700 taxes he paid)

Luke’s net tax due or refund is $3,460

3 0
3 years ago
The discount rate is the rate of interest at which: Question 12 options: 1) Federal Reserve Banks lend to commercial banks. 2) s
stepan [7]

Answer:

1) Federal Reserve Banks lend to commercial banks.

5 0
3 years ago
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