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Arturiano [62]
3 years ago
6

On January 1, 2021, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a sales-type lease. Calloway p

aid $280,000 for the machine and is leasing it to Zone for $40,000 per year, an amount that will return 11% to Calloway. The present value of the lease payments is $280,000. The lease payments are due each January 1, beginning in 2021. What is the appropriate interest entry on December 31, 2021? Multiple Choice Cash 26,400 Interest receivable 26,400 Cash 30,800 Interest revenue 30,800 Interest receivable 26,400 Interest revenue 26,400 Interest receivable 30,800 Interest revenue 30,800
Business
1 answer:
Delicious77 [7]3 years ago
6 0

Answer:

DR Interest receivable                                  26,400

CR Interest revenue                                                       26,400

Explanation:

As first lease has already been paid, the amount left of the lease is;

= 280,000 - 40,000

=$240,000

Interest is 11% so the interest to be received in December is;

= 11% * 240,000

= $‭26,400‬

This will be debited to Interest receivable as it is money owed and credited to Interest revenue as it is money earned.

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choose the correct term for each of the following descriptions. expenditure on research and development
Anni [7]

Research and development expenses, since these costs are intended to spur future growth, they should be considered capital expenses.

The term "expenditure on research and development" (R&D) refers to all costs associated with conducting research at colleges, universities, and other institutions of higher learning, whether those costs are covered by general institutional funds, specific grants, or contracts with public or private sponsors. Nearly US$ 1.7 trillion has been spent globally on research and development, which is a record high. Approximately 10 nations receive 80% of the money spent on expenditure on research and development. Countries have committed to significantly boosting public and corporate R&D spending as well as the number of researchers by 2030 as part of the Sustainable Development Goals (SDGs). The total amount spent on R&D, and expenditure on research and development in the US was $607.5 billion.

Learn more about Research and development expenses here:

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6 0
1 year ago
When Stuart sold a computer network to a Fortune 500 company, he often called on the company's purchasing department to see if e
Semmy [17]

Answer: Relationship selling

Explanation:

Stuart in his sales transaction with Fortune 500 company, is carrying out relationship selling, where the seller tries to make sales by creating a friendly relationship with their buyers. Relationship selling helps the buyer to easily relate with the seller, thereby making sales very easy to transact.

7 0
3 years ago
__________ consist of organization infrastructure (administration and management), human resources (employee recruiting, hiring,
olga55 [171]

Answer:

Secondary Activities

Explanation:

Secondary activities inside an organization are those who support the primary activity. The primary activity consists in the production and distribution of goods and/or services to customers, while secondary activities are meant to improve aspects of the primary activity.

For example, the goal of human resources is to create good labor conditions so that employees are happier, and therefore, more productive. And the goal of the technology department is to engage in research to produce new goods or provide new services in the future.

4 0
3 years ago
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own
leva [86]

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

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3 years ago
When we physically encounter a three-dimensional form, the tactile sensation we experience is its ________. Two-dimensional imag
babymother [125]

Answer:

When we physically encounter a three-dimensional form, the tactile sensation we experience is its <u>ACTUAL TEXTURE</u>. Two-dimensional images, however, have <u>IMPLIED TEXTURE</u>, which means the artist creates an effect that reminds us of our tactile memory of a real-life surface. Artists who wish to contradict our previous tactile experiences employ <u>SUBVERSIVE TEXTURE</u> in order to make us reconsider our preconceptions about the world around us.

Explanation:

Actual texture is combination of how an artwork looks and how it actually feels when someone touches it. Even paintings have texture and different artists use different painting techniques to create that texture.

Implied or simulated texture means that the artist is creating a visual effect of texture.

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3 0
3 years ago
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