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
a_sh-v [17]
3 years ago
7

If a finance lease contains a bargain purchase option, the lessee should amortize the leased asset: Multiple Choice Over the ter

m of the lease. Without reference to the economic life of the asset. Over the economic life of the asset. Without reference to the term of the lease.
Business
1 answer:
Finger [1]3 years ago
3 0

Answer:

Over the economic life of the asset.

Explanation:

An asset obtained under a financial lease must be depreciated in the same way as the company would depreciate any other similar fixed asset. E.g. a leased truck should be depreciated similarly to other trucks owned by the company.

In a financial lease, the lessor amortizes the asset's value, while the lessee depreciates the assets as common fixed assets (a lessee doesn't amortize).

You might be interested in
Cullen and MacNeil’s is a well-known store that sells writing material. The company faces strong competition from the electronic
statuscvo [17]

Answer: <em>Option (D). Marketing Myopia</em>

Explanation:

From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.

5 0
3 years ago
Quilt and Dye Fabrics buys products for its customers from over 30 countries. Quilt and Dye Fabrics is an example of a company t
Afina-wow [57]

Quilt and Dye Fabrics is an example of a company that <u>Imports</u>.

<u>Option: E</u>

<u>Explanation:</u>

An import-export business is that facilitates exchange between domestic and foreign corporations in goods and services. In other terms, it is a business that globally buys products and sends them in for domestic sales and vise the other way around.

An import is commodities carried from an external source into a jurisdiction, particularly across a national border. The faction that has put in the success is considered an importer. An import into the destination country is a send country export.

3 0
4 years ago
An electronics manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce th
Evgen [1.6K]

Answer: $500

Explanation:

Had to complete the question first

No of security guard No of radio stolen/wk

0 50

200 30

400 20

600 14

800 8

1000 6

Explanation:

If the firm decides to hire the first security guard and a radio worth $25, MB = MC which gives us the sum of $500 which is the worth of hiring the first security guard. Hiring the guard is same as having no quarrel at all and paying for the stolen radios. This means the security guard would save 20 radios at $25 each.

4 0
3 years ago
Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%, $100 par value cumulative preferred stock o
Alex787 [66]

Answer:

The divided for common stockholders is $152000

Explanation:

The preferred stock is cumulative whch means any arrears in preference dividend will be paid whenever the dividend is declared.

The amount of yearly preference dividends is = 12000 * 100 * 0.07 = 84000

Thus, when 320000 cash dividend is declared, 2 years ( current year and arrear year) preference dividend will be paid first and the remaining will be distributed among common stock holders.

The dividedn for common stockholders is 320000 - (84000 * 2) = $152000

4 0
3 years ago
Time management is an example of a
jeka57 [31]
Prioritizing, organization, strategic planning
8 0
2 years ago
Read 2 more answers
Other questions:
  • Demand for plumbing services for the last 3 years, from furthest past to most recent, was $44 million, $42 million, and $38 mill
    15·1 answer
  • Hawley company makes decorative wedding cakes. The company is considering buying the cakes rather than baking them, which will a
    7·1 answer
  • Burt, a mentally impaired person, is asked by carl to sign a piece of paper that carl says is an autograph book. in fact, the do
    15·1 answer
  • Andrea lost her job as an accountant because her company gave the contract for keeping accounts to a firm in Asia. The company d
    9·2 answers
  • Which of the following is a feature of online professional networking groups such as LinkedIn, Ecademy, and Plaxo? a)job certifi
    13·2 answers
  • Which one of the following is an example of an incremental cash flow for Project A?
    9·1 answer
  • Calculate the present value of the following sequence of willingness to pay: $150 this year; $150 next year; $150 in year 2, and
    6·1 answer
  • Transactions for the Bridgeport Company, which provides welding services, for the month of June are presented as follows.
    10·1 answer
  • Which of the following statements is correct with respect to economic incentives to release financial information?
    12·1 answer
  • Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!