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igomit [66]
3 years ago
5

On January 1, 2018, Gibson Corporation entered into a four-year operating lease. The payments were as follows: $26,000 for 2018,

$20,500 for 2019, $18,000 for 2020, and $14,500 for 2021. What is the correct amount of total lease expense for 2019
Business
1 answer:
Nesterboy [21]3 years ago
6 0

Answer: $19,750‬

Explanation:

The Annual Lease expense is the average of the lease over the 4 year period.

Annual Lease Expense  = Total lease expense / number of years

= (26,000 + 20,500 + 18,000 + 14,500) / 4

= 79,000 / 4

= $19,750‬

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The three approaches to management which are considered to be historical perspectives are:
1. The classical view point: this emphasize finding ways to manage work more efficiently.
2. The behavioral view point: emphasize the need to understand human behavior and to encourage employees toward achieving the company's goals.
3. The quantitative view point: this emphasizes the application of quantitative measures to management.<span />
7 0
3 years ago
Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1,2017 at 96.1 plus accrued interest. The bonds we
Nataly_w [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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5 0
3 years ago
The citizens of France, Belgium, and Finland are upset by a recent trade law enacted in the European Union which they feel negat
BigorU [14]

Answer:

The European Parliament to resolve their concerns.

Explanation:

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3 0
3 years ago
Read 2 more answers
On January 1, Salter Corporation determined that its direct materials inventory needs to contain 6,000 pounds of materials by Ma
Ber [7]

Answer: 21000

Explanation:

Direct materials inventory desired = 6,000

Purchase of direct materials budgeted = 5000

Pounds needed for production = 5000 × 4 = 20000

The number of pounds in Salter's beginning direct materials inventory on January 1 will be:

= Direct materials inventory desired + Pounds needed for production -

Purchase of direct materials budgeted

= 6000 + 20000 - 5000

= 21000 pounds

5 0
2 years ago
A company had the following purchases during its first year of operations: Purchases January: 26 units at $113 February: 36 unit
monitta

Answer:

$6490

Explanation:

The computation of the ending inventory is shown below:

= (January ending inventory in units × price) + (February ending inventory in units × price) + (May ending inventory in units × price) + (September ending inventory in units × price) + (November ending inventory in units × price)

= (8 units × $113) + (9 units × $124) + (13 units × $136) + (7 units × $144) + (11 units × $154)

= $904 + $1,116 + $1,768 + $1,008 + $1,694

= $6,490

3 0
2 years ago
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