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Charra [1.4K]
3 years ago
10

In each of the following separate cases, indicate whether the company has entered into a finance lease or an operating lease. 1.

The leased asset is highly customized for the lessee's operations and would be of no use to any other business. 2. The lease term is 5% of the leased asset's useful life and there is no option for the lessee to purchase the asset. 3. The lessor retains title to the asset, and the lease term is 3 years on an asset that has a 10-year useful life.
Business
1 answer:
AnnyKZ [126]3 years ago
5 0

Answer:1). Finance lease. 2). Operating Lease. 3). Operating Lease

Explanation: A lease is contract by which one party conveys a property to another for a specified term. The two common types of Lease are Finance Lease and Operating lease.

A Finance Lease is a method of financing assets where the asset remains the property of the finance company that hires them and the lessee pays for the hire of the asset. Here, there is an option to purchase the asset.

An Operating Lease on the otherhand is a lease where the risk and return remains with the Lessor.

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3 years ago
Please, help, I will award brainliest!
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For lower income people:

The more the government puts towards health care would mean there would be a higher quality of life for low income areas allowing them to get access to needed healthcare for no cost to them.

For higher income people / corporate entities:

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Summary:

For a SoL on one side to change another side would have to lose.

3 0
2 years ago
Manny’s Cookies, Ltd. is an online cookie subscription business started by a 7-year old (Manny) and his father. Manny’s Cookies
lisov135 [29]

Answer:

Social Entrepreneurship

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According to my research on different types of businesses, I can say that based on the information provided within the question Manny's Cookies is an example of Social Entrepreneurship. This term refers to a start up company that in which they develop, fund and implement different products or services for society, as well as providing solutions for society, or the environment. Which in this case the product are Manny's cookies but by donating money to charity they are helping provide solutions to many problems.

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5 0
2 years ago
Concord Co. had sales revenue of $555,600 in 2020. Other items recorded during the year were: Cost of goods sold $320,200 Salari
NARA [144]

Answer:

                          Concord Co.

                     Income Statement

    For the Year Ended December 31, 2020

Revenues:

Sales revenue                                          $555,600

Expenses:

Cost of goods sold                                ($320,200)

Salaries and wages expense                 ($120,100)

Other operating expenses                        ($11,210)

Income tax expense                               ($25,590)

Net income:                                               $78,500

Earnings per share:                                       $0.74

Increase in value of company reputation and unrealized gain on value of patents are not included in this income statement.

8 0
3 years ago
Group Working age population Discouraged workers Employed Unemployed # in Millions 215 5 138 According to the table, the labor f
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Answer:

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