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torisob [31]
3 years ago
14

Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca

lls for annual lease payments of $30,000, beginning on January 1, for each of the 3 years of the lease. In addition, Badger will pay Pina $6,000 as a cash incentive for entering the lease by January 1, 2017. In relation to the lease agreement, Pina incurred the following costs.
Salaries of employees involved in the investigation of the lease $3,000
Lease document preparation costs incurred after execution of the lease 500
Pinas incremental borrowing rate is 9%.
Required:
a. If the value of the lease liability is $82 773, what amount wil Pina record as the value of th operating lease?
Business
1 answer:
posledela3 years ago
4 0

Answer:

= $80,273

Explanation:

Value of the right of use asset = Value of lease liability - cash incentive received + costs incurred for lease

                  = $82,773 -$ 6,000 + $3,000 + $500

                     =$80,273

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Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's aut
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Answer:

Duopoly ( B )

Explanation:

The term that describes a country's market whereby there are only two firms in any industry is ; Duopoly  

A Duopoly economy is a type of economy whereby the entirety of an Economy is solely controlled/owned by a not more than two industries/companies, this type of economy can be said to be a form of Oligopoly in its simplest form. while a monopolistic competition involves just one company or industry controlling the economy

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3 years ago
Fred must have licensure in order to work as a Barber in New York State. When Fred proves that he has the training and skills ne
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Answer: the body governing control on business

Explanation:

The body responsible for issuing of tax in most countries and cities differs, in most cities an organization could be set up to monitor different business or a specific business or the state government of that city may stand up for such responsibility. It all depends on the state.

4 0
4 years ago
Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each p
Alchen [17]

Answer:

The correct answer is $70

Explanation:

Giving the following information:

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includes 20 parts

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Assembling (Number of parts) - $1.00 per part

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Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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5 0
3 years ago
one of the major criticisms of the G-20 is that they are completely ineffective in setting policies? true or false
tia_tia [17]
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6 0
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Wayne has been employed as a trainee in a print shop for one month and receives less than minimum wage for his work. According t
ipn [44]

Answer:

Explanation below

Explanation:

When organizations are looking at hiring interns, they should make sure it does not go against the laws of the Fair Labor Standards Act (FLSA) which broadly defines what it means to employ someone and remained silent regarding whether interns should be exempted from minimum wages.  

FLSA provides that if your company like that of Wayne in the question, benefits from the use of interns they hired, then they must pay them a sum that is equivalent to the minimum wage.

But if the intern does not do any work that directly benefits the organization, but just there to learn and watch how things are going, then it can be justified in not paying them at all.  

so Wayne's rights have been violated since the wage was below the minimum wage.

4 0
3 years ago
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