Answer:
A) the lessee records an asset and a liability for the present value of lease payments.
Explanation:
In a finance lease, the lessee business must estimate the present value of its obligations under the lease contract (using the lease's interest rate as the discount rate) and record it in the balance sheet as:
- a debit entry under the fixed asset account
- a credit entry under the capital lease liability account
Answer:
Allocated MOH= $18,750
Explanation:
Giving the following information:
The estimated total factory overhead= $300,000
Total estimated direct labor cost= $240,000.
The actual direct labor cost was $15,000.
First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.25*15,000
Allocated MOH= $18,750
Answer:
c. fewer government regulations
Explanation:
- All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
Answer:
C
Explanation:
it's very obvious bcs it has transaction amount in the pic
Answer:
A) A nondeductible loss.
Explanation:
Since Kim bought the antique for personal use, then she cannot deduct any loss resulting form its sale.
In order to determine if the sale of an antique can generate a deductible loss, the most important factor is the use that the owner gave to the antique. E.g., if the owner bought the antique in order to sell it and generate a profit, but wasn't able to, then the loss resulting from a sale is deductible.
