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3 years ago

Why is it important to people with disabilities to get an adapted drivers license?

1 answer:

8 0

When people with disabilities get an adapted driver's license, they become better able to independently function and contribute to society. This feeling facilitates successful self-actualization. An adapted drivers license will also alert government officials, whenever necessary, of any special precautions necessary when aiding these drivers in tasks related to their disability, and in providing proper accommodations as such.

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An airline has the following data about an airplane:

Drupady [299]

Answer:

Option C). This is a capital lease because it meets at least one of the four capital lease criteria.

Explanation:

In the following situations, the lease transactions are called Finance Lease.

i) The lessee will get the ownership of leased asset at the end of the lease term.

ii) The lessee has an option to buy the leased asset at the end of lease term at price, which is lower than its expected fair value at the date on which option will be excercised.

iii) The lease term covers the major part of the life of asset.

iv) At the beginning of lease term, Present value of minimum lease rental covers substantially the initial fair value of the leased asset.

In the given question, Present value of minimum lease rental amounting to $ 78 million covers substantially 94 % portion of the initial fair value of leased asset. Accordingly, last condition / last situation mentioned above to treat lease as finance lease is satisfied in the given question. In other words, out of four capital lease criteria mentioned above, fourth criteria / fourth condition (At the beginning of lease term, Present value of minimum lease rental covers substantially the initial fair value of the leased asset) is satisfied in this given question.

Present value of minimum lease rental as a percentage of initial fair value of leased asset :-

= (78 Million / 83 Million ) * 100

= 0.94 * 100

= 94 % (approx).

Lease in given question is capital lease because it meets at least one of the four capital lease criteria.

6 0

3 years ago

A temporary association organized to perform a specific task requiring a large amount of capital is known as a(n)

lianna [129]

Answer:

Syndicate

Explanation:

4 0

2 years ago

Why are publicly traded corporations required to release financial reports on a regular basis?

sergiy2304 [10]

The correct answer is A.

In a corporation the shareholders are the owners. They are required to release the financial reports because they are entitled to transparency and need them in order to base their investment decisions on their contents.

7 0

3 years ago

International Data Systems' information on revenue and costs is relevant only up to a sales volume of 106,000 units. After 106,0

cupoosta [38]

Answer:

Option A. $792,000

Option B. $211,800

Explanation:

At the level 106,000 Units, the price per unit and variable cost per unit will remain at $16 and $8 per unit.

Option A.

Sales (106,000 Units * $16) $1,696,000

Variable cost (106,000* $8) $848,000

Fixed costs $56000

Operating Profit $792,000

Option B.

When the production exceeds 106,000 units level, the price per unit and variable cost per unit will remain at $9.8 and $8.5 per unit.

Sales (206,000 * $9.8) $2,018,800

Variable cost (206,000 * $8.5) $1,751,000

Fixed costs $56,000

Operating Profit $211,800

The profit has been decreased substantially due to increase in Marginal cost.

7 0

3 years ago

A company has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.

Kaylis [27]

Answer:

A. $2,800

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Amount assessed to be uncollectible

= 4% × $90,000

= $3,600

Additional Amount to be allowed for

= $3,600 - $800

= $2,800

This will be posted as debit to bad debt and a credit to allowance for doubtful debts account.

4 0

3 years ago

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