Answer: Cullumber should classify this lease as a financial lease
Explanation:
Financial Leasing is a method of financing whereby a the lessor buys asset on the lessee whom is the customer.
The above is a financial lease due to:
1. With regards to the property's estimated economic life the lease term is about 75% or more.
2. At the end of the lease term, the asset will have no alternative use to the lessor.
3. The present value with regards to the minimum lease payments is not reflected in the lease payments.
Captions help people with hearing disabilities
Under United States tax law, the standard deduction is a dollar quantity that non-itemizers may deduct from their income before income tax is applied. Taxpayers may select either itemized deductions or the standard deduction, either outcomes in the lesser amount of tax payable. The standard deduction is accessible to US citizens and aliens who are occupant for tax purposes and who are individuals, married persons, and heads of household. When filing her own tax return, Margie is limited to the greater of $1,050 or $1,750, it is solved by the sum of the earned income for the year plus $350.So the answer is $1,400 + $350 = $1,750
Answer: a. Allow management to conserve cash, give stockholders more shares, and cause no change in total assets, liabilities, or stockholders' equity.
Explanation:
Stock Splits increase the number of shares a company without actually changing their market capitalization by simply dividing the shares available.
There are a bunch of reasons to do this but one of them is to conserve cash. By splitting stock, managers can conserve cash by not paying dividends but still proving that the company can still pay dividends. The Shareholders getting MORE stock would be the reward.
Since Stock splits don't change the Market Capitalization, they don't have an effect on Equity either and by extension Assets and Liabilities.
There are many risks that businesses face, including:
- Competition risk - there could be another business that draws customers away from your company.
- Economic risk- if the economy is doing poorly, it could increase costs or reduce sales
- Reputation - if someone posts a bad review online, how will that effect your sales?
- Legal/Compliance issues- you have to comply with industry regulations and laws, and there is great risk to you and the business if you break these rules
- Resources risk - if you rely on a specific material to run your business and that material isn't available you could be in trouble (ex. if the orange crop is wiped out by a hurricane, orange juice makers could be in trouble)
