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NeTakaya
3 years ago
10

A company has an operating lease for its office space. The lease term is 120 months and requires monthly rent of $15,000. As an

incentive for the company to enter into the lease, the lessor granted the first eight months' rent at no cost. What amount of monthly rent expense should be recognized over the life of the lease?
a) $14,000
b) $14,062
c) $15,000
d) $16,072
Business
1 answer:
zhannawk [14.2K]3 years ago
4 0

Answer:

d) $16,072

Explanation:

Rent for the first eight months being 8 x 15000 = 120000 shall be shared to the remaining 112 months.

Hence $1072(120000/112) shall be added to each remaining month. Therefore a monthly rent of $16, 072(15000+1072) shall be recognized.

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Which of the following is true of Peter Senge’s contributions to management thought and practices? A. He has made several signif
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Answer:

A. He has made several significant contributions to the areas of organizational learning and change.

Explanation:

<em>Option B</em>: Peter Drucker was the first person to discuss MBO, not Peter Senge. So, this option is incorrect.

<em>Option C</em>: It is the function of management. Therefore, Peter Senge might contribute to this one, but there is no evidence. So, it is wrong.

<em>Option D</em>: Peter Senge advocated the scientific methods of management, but not for the determination of efficient production.

<em>Option E</em>: He does not contend with the bureaucratic structure. Therefore, it is wrong, either.

<em>Option A</em>: It is the answer because he has made several contributions to the areas of organizational learning through the establishment of the society of organizational learning.

8 0
3 years ago
A manufacturer of fishing equipment conducted a test of its products by giving them to eight fishermen who used them with the fo
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The conclusion that the manufacturer can draw about the power of this equipment to catch fish is that the fishing equipment have different degree of catching fish.

<h3>What is conclusion?</h3>

Note  that there are a lot of fishing equipment that was given by the manufacturer such as Trusty rod with a Husky reel, Trusty rod, monofilament line, and  others.

Note that they will not all function at the same level as  they all have the extent to which they can catch fishes. Some may be faster than the others why some may attract fishes quickly.

Conclusively, The conclusion is that the fishing equipment have different degree or extent to catching fish.

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7 0
2 years ago
When overapplied / underapplied overhead is prorated, the basis for proration is:?
spin [16.1K]
Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
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3 years ago
Company A produces and sells 10,000 units of its product for $10 per unit. Variable costs are $4 per unit and fixed costs total
Anastaziya [24]

Answer:

Effect on income= $2,000 decrease

Explanation:

Giving the following information:

Selling price= $10 per unit.

Variable costs are $4 per unit

A move to a larger facility would increase rent expense by $8,000, and allow the company to meet its demand for an additional 1,000 units.

We need to calculate the effect in the income of moving to a larger facility.

Effect on income= total contribution margin increase - increase in fixed costs

Effect on income= 1,000*(10 - 4) - 8,000

Effect on income= $2,000 decrease

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3 years ago
Park uses a perpetual inventory system. Determine the cost assigned to ending inventory and to cost of goods
DIA [1.3K]

Answer:

below

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