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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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Einstein bought a property from Plato. Einstein agreed to pay Plato $1615 per month for the next 15 years. Then the total balanc
mariarad [96]

Answer:

Land contract

Explanation:

Land contract is the agreement or the contract among the seller and the buyer of the real property in which the seller provides or offer the buyer option of financing in the purchase and the buyer repay the amount in the resulting loan which is in installments.

In this contract, the seller retain or have the legal title of the property, while allows the buyer to take the possession of the property for the most of the purposes other than the legal ownership.

If the title does not pass until the payment in full is made, then it is a land contract.

3 0
4 years ago
Select the answers that correctly complete the given statements.
Alina [70]

Answer:

leftward shift of

leftward shift of

movement along

rightward shift of

Explanation:

The right answers to complete the given statements are that;

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A decrease in interest rates causes a movement along the money demand curve.

An increase in the aggregate price level causes a rightward shift of the money demand curve.

6 0
3 years ago
To make sure that you do not get too tired when typing for long periods, how often should you get up and stretch? Every 15 minut
andrey2020 [161]
I would say about every 30 minutes, because if not then you would have poor posture, and back problems.
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4 years ago
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4 0
3 years ago
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Susan Barnes is a self-employed consultant. She travels to Chicago on June 30th for business purposes. She attends business meet
larisa [96]

Answer:

Susan Barnes

Total deductible business expenses:

= $1,300.

Explanation:

a) Data and Calculations:

Dates for business meetings = July 1st and 2nd

Flight charge = $480

Lodging for 3 days = $600 ($200 *3)

Meals for 3 days:

6/30: $40;

7/1:    $70;

7/2:   $70

7/5: $40

Total  for meals = $220

Total business expense = $1,300 ($480 + $600 + $220)

b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business.  This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.

6 0
3 years ago
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