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sladkih [1.3K]
3 years ago
12

On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year

operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4%. The contract calls for four rent payments of $12,500 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by Computerworld at a cost of $95,000 and were expected to have a useful life of Five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1, PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Prepare the appropriate entries for both the lessee and the lessor from the beginning of the lease through the end of 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. (Round your intermediate calculations and final answers to the nearest whole dollar.)

Business
1 answer:
lesantik [10]3 years ago
3 0

Answer:

Check explanation

Explanation:

Amortization is an accounting technique or method that is used to from time to time lessen the book/record value of a loan or intangible asset over a particular period of time, while Depreciation is an accounting method or technique used for allocating the price of a physical or tangible asset over its useful life or its life expectancy.

The step by step explanation to the question can be seen in the attachment below.

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Yuri [45]

The information about the question is incomplete, hence the general answer. It is to be noted that the question is about Gantt Charts.

<h3>What is a Gantt Chart?</h3>

A Gantt Chart is a two-dimensional representation of a project showing the volume of work to be done, how the work is broken down into various parts, how long each part will take, those responsible for each part of the project, and even where each project overlaps.

Gantt chart (sample attached) is very crucial for Project Management. The goal of using a Gantt chart is to ensure that the project is completed on or before the scheduled time in order to prevent losses.

Please note that a Gantt Chart can be created and edited using MS Exel Worksheet.

Learn more about Gantt Chart at:

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8 0
2 years ago
When working with international firms, U.S. businesses Multiple Choice expect socially responsible behavior from their business
Brilliant_brown [7]

When working with international firms, U.S businesses expect socially responsible behavior from their business partners.

<h3><u>Why do U.S businesses increasingly focus on international businesses?</u></h3>

American businesses are aware that doing business abroad will boost productivity and broaden their population, which will promote economic expansion. Since the beginning of time, there have been numerous international exchanges, and American businesses now recognize the advantages of offering their services abroad.

To cut costs, some US companies relocate abroad. To grow their business, other companies venture abroad. Many companies can successfully operate on a global scale.

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4 0
2 years ago
HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Rainbow [258]

Answer:

True

Explanation:

The workplace refers to the place where an activity is carried out for the purpose of a monetary return. Each workplace is made up of different people, maintaining different dynamics. This way, every workplace is different. Even though it is standardized, the people who make up the place will give the workplace different dynamics, differentiating them.

8 0
3 years ago
Read 2 more answers
What is a hypothesis?
yanalaym [24]

The answer is B.

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"A hypothesis is an assumption, an idea that is proposed for the sake of argument so that it can be tested to see if it might be true."

7 0
3 years ago
You want to learn more about how to align individual employee's goals with the overall organization's goals. which HRM function
pav-90 [236]

Answer:

The HRM (Human Resources Management) function that covers concerns about how to align individual employee's goals with the overall organization's goals is:

Performance management.

Explanation:

In Human Resource Management (HRM), there are various functions dealing with Human resource planning, Recruitment and selection, Performance management, Learning and development, Career planning. The performance management unit ensures that individual employee's goals are aligned with the overall goals of the organization in order to achieve organizational success.  The performance management function helps HR managers to establish, agree, and marry the goals of employees with organizational performance expectations.

5 0
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