1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VMariaS [17]
3 years ago
14

Torrey Co. manufactures equipment that is sold or leased. On December 31, 2021, Torrey leased equipment to Dalton for a five-yea

r period ending December 31, 2026, at which date ownership of the leased asset will be transferred to Dalton. Equal payments under the lease are $1,400,000 (including $100,000 executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2021. Collectibility of the remaining lease payments is reasonably assured, and Torrey has no material cost uncertainties. The normal sales price of the equipment is $3,850,000, and cost is $3,000,000. For the year ended December 31, 2021, what amount of income should Torrey realize from the lease transaction
Business
1 answer:
topjm [15]3 years ago
5 0

Answer:

$850,000

Explanation:

The computation of Amount of income should Torrey realize from the lease transaction is shown below:-

Amount of income should Torrey realize from the lease transaction = Sale price - Cost

= $3,850,000 - $3,000,000

= $850,000

Therefore for computing the amount of income should Torrey realize from the lease transaction we simply deduct the cost from sales price.

You might be interested in
Veronica, a vice president of human resources at an auto company, wants to develop its programs for employee empowerment. Howeve
klasskru [66]

Answer:

B) In its rulings, the NLRB has allowed employee empowerment in certain very limited situations.

Explanation:

Employee empowerment refers to a company giving its employees a higher degree of autonomy and independence regarding their normal work related activities.

Personally I don't understand how employee empowerment can affect employees negatively but unions tend to oppose it unless they are directly involved in the empowerment process.

3 0
3 years ago
In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
katovenus [111]

In this scenario, Roger's behaviour would best be classified as an elaborator.

While working in a group each individual contributes in their own ways.

Benne and Sheats defined roles in a group and classified them in three categories. These categories are

1. Task roles : relate to actually achieving the task goals.

2. Personal Roles : relate to the interpersonal relationships between team members. A highly qualified team, when all team members with a high ego will not be able to achieve the desired goal within the deadline.

3.Dysfunctional Roles: do not contribute in any way to a group. They are only interested in serving their own interests and more often than not, are responsible for disruptions and discord within the group.

The right combination of various roles in a group goes a long way in achieving a goal.

The Elaborator is a task role. The Elaborator takes up an idea and gives his views on how that idea might turn out if it is implemented in the given suggestion.

3 0
3 years ago
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin
Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0
3 years ago
Child, family, and school social workers influence conditions _____.
Anastaziya [24]

Answer:

in all communities

Hope that helps!

5 0
3 years ago
Read 2 more answers
when designing a supply chain that meets customer requirements and aligns with strategy, what are the two goals that firms try t
wolverine [178]

Designing a supply chain that meets customer requirements and aligns with strategy to be more effective to be more responsive.

What is supply chain?
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer. The importance of supply chain management can be seen in the reduced costs and improved productivity that come from an optimised supply chain. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness. Each step taken to deliver a finished good or service to the customer is considered to be part of the supply chain. The process may involve obtaining raw materials, transferring them to the production stage, and then transporting the finished goods to a distribution facility or a retail location where the consumer may pick them up.

To learn more about supply chain
brainly.com/question/25160870
#SPJ4

5 0
1 year ago
Other questions:
  • If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nu
    5·1 answer
  • Can you study a bachelor's degree right after high school? Or do you need to graduate first from college or university to then g
    5·2 answers
  • When an sbu has become a _____________, it is essential to either invest in it heavily to gain better market share, acquire comp
    5·1 answer
  • Enviro Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the an
    5·1 answer
  • Acme Enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
    9·1 answer
  • The stock in Up-Towne Movers is selling for $46.00 per share. Investors have a required return of 11.1 percent and expect the di
    12·1 answer
  • Any point inside a production possibilities curve indicates: Select one: a. unemployment and/or inefficiency. b. that the law of
    5·1 answer
  • Smithers is a self-employed individual who earns $30,000 per year in self-employment income. Smithers pays $2,200 in annual heal
    15·1 answer
  • In an electric motor, a commutator
    7·1 answer
  • . Identify and explain two principles for ethical accounting practice
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!