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frutty [35]
3 years ago
9

A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe

nts a reduction in the net lease liability. The portion of the minimum lease payment in Year 10 applicable to the reduction of the net lease liability should be:
Business
1 answer:
Andre45 [30]3 years ago
6 0

Answer:

More than in year 8

Explanation:

A capital lease is a type of lease in which the lesser financed only the asset and all other ownership rights would be transferred to the lessee

In the given situation, the 12-year capital lease is equivalent to the annual lease payment at minimum cost

This payment involves the interest and the reduction amount

Now in the year 10 the reduction made to the lease liability should be more than in the year 8

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. Along any given IS curve: A) tax rates are fixed, but government spending varies. B) government spending is fixed, but taxes v
jarptica [38.1K]

Answer:

D) Both government spending and taxes are fixed.

Explanation:

IS curve: IS curve stands for investment and savings. It has a download slope, when liquidity in the market increase, therefore, stimulus injected in the market to increase investment and increase in investment cause multiplier effect on consumption, which leads to an increase in national income and product rises. IS curve shows the combination of consumer demand and investment demand, therefore, both government spending and taxes are fixed.

6 0
4 years ago
Jamie purchased a 50% general partnership interest in Partnership M for $40,000 in Year 1. To finance operations, Partnership M
klio [65]

Answer:

$90,000

Explanation:

Calculation to determine what Jamie’s at-risk limitation on losses is:

Using this formula

Risk limitation on losses=[Partnership M +(General partnership interest× Recourse debt agreement)]

Let plug in the formula

Risk limitation on losses= [$40,000 + (50% × $100,000)]

Risk limitation on losses=($40,000+$50,000)

Risk limitation on losses=$90,000

Therefore Jamie’s at-risk limitation on losses is:$90,000 and the reason why Jamie’s at-risk limitation on losses was the amount of $90,000 was because of his share of the recourse debt of the amount of $100,000 as well as the cash amount of $40,000 he invested.

4 0
3 years ago
14. On January 1, Nick Co. purchased a delivery truck for $60,000. The truck's salvage value is $2,000, and its estimated useful
vfiekz [6]

Answer: $12000

Explanation:

The amount of depreciation expense that Nick should record for the first year will be:

The depreciation will be:

= 1/no. of years

= 1/10

= 10%

Then, the rate of depreciation for double-declining will be:

= 10% × 2

= 20%

Then, the depreciation for the first year will be:

= $60000 × 20%

= $60000 × 0.2

= $12000

Therefore, the amount of depreciation expense that Nick should record for the first year is $12000.

Depreciation expense should Nick record for the first year is $12000

5 0
3 years ago
In absorption costing, nonmanufacturing costs are assigned to units of product. True or False True False
Andru [333]

Answer:

The statement is: False.

Explanation:

Non-manufacturing costs are those not related to the production process of the company. It implies costs useful for the operations of the firm but does not have an impact on the process of creating a final good. Administrative salaries,  office supplies, and depreciation fall into this category.

Absorption costing describes an accounting approach in which all the manufacturing costs are assigned to the units produced.

Thus, as non-manufacturing costs are not related to the manufacturing process, they cannot be allocated within the units of production using the absorption costing method.

3 0
4 years ago
Carmex's first efforts in marketing research had the research objective of figuring out who it was as a company and what the Car
Mila [183]

Answer:

The correct answer is 1. defining the problem .

Explanation:

Although every step in a market research project is important, defining the problem is the most important of all. For market research purposes, the terms problems and opportunities are handled interchangeably. The definition of the problem implies starting with the general terms of the problem, to then identify its specific components. Only when the market research problem was clearly defined, could the research be designed and carried out. Of all the tasks in a market research project, none is more vital than the detailed definition of the research problem, as this will allow us to fully meet the needs of the client.

7 0
3 years ago
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