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faltersainse [42]
3 years ago
12

Cullumber Co. processes jam and sells it to the public. Cullumber leases equipment used in its production processes from Marin,

Inc. This year, Cullumber leases a new piece of equipment from Marin. The lease term is 5 years and requires equal rental payments of $15,000 at the beginning of each year. In addition, there is a renewal option to allow Cullumber to keep the equipment one extra year for a payment at the end of the fifth year of $13,000 (which Cullumber is reasonably certain it will exercise). The equipment has a fair value at the commencement of the lease of $75,077 and an estimated useful life of 7 years. Marin set the annual rental to earn a rate of return of 7%, and this fact is known to Cullumber. The lease does not transfer title, does not contain a bargain purchase option, and the equipment is not of a specialized nature. Click here to view factor tables. How should Cullumber classify this lease
Business
1 answer:
N76 [4]3 years ago
5 0

Answer: Cullumber should classify this lease as a financial lease

Explanation:

Financial Leasing is a method of financing whereby a the lessor buys asset on the lessee whom is the customer.

The above is a financial lease due to:

1. With regards to the property's estimated economic life the lease term is about 75% or more.

2. At the end of the lease term, the asset will have no alternative use to the lessor.

3. The present value with regards to the minimum lease payments is not reflected in the lease payments.

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Debora [2.8K]

Answer:

The correct answer is Lead generation.

Explanation:

A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.

Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

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5 0
3 years ago
Under the terms of the Treaty of Guadalupe Hidalgo, the United States Select one: a. officially acquired only Texas. b. gave up
kvasek [131]

Answer:

e. agreed to pay millions to Mexico.

Explanation:

The Treaty of Guadalupe Hidalgo wan on 2 February 1848 between the US and the Mexican Republic. The official title of the treaty is the Treaty of Peace, Friendship, Limits and Settlement between the US and Mexico.

The major purpose of signing the Treaty was to bring an end to the Mexican–American War that lasted betweem 1846 and 1848). Mexico sought to end the war when its army was defeated and the its capital fell. The treaty was effective starting from 4 July 1848.

The provisions of the include: the US should pay US$15 million to Mexico; to pay up to US$5 million to the citizens of the US that had claims against Mexico; the Rio Grande was given to the US to serve as a boundary for Texas; it also gave California including expanse areas like half of New Mexico, Colorado, Utah and Navada.

Therefore, the only correct option in the question is e. agreed to pay millions to Mexico.

4 0
3 years ago
According to the principles of scientific management, the best way to improve productivity is to Multiple Choice give employees
Korolek [52]

The best way to improve productivity would be to find the best method of doing each job, then teach those methods to employees.

<h3>What is productivity?</h3>

In the business environment, the notion of productivity has to do with the ability of employees to carry out tasks in the work environment in a more efficient, faster and better way.

To increase productivity, it is important that the workers are taught the best way to carry out their jobs.

Read more on productivity here:brainly.com/question/2992817

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2 years ago
Cho is working on poverty reduction in a Philadelphia public housing development. In the analysis he writes after the project, h
Anestetic [448]

Answer:

Oscar Lewis’s "culture of poverty" is usually interpreted as blaming the poor people for being poor. It's like, you are poor because you decide to be poor, and Cho (and I) believe that it is not true.

While Mario Luis Small believed that someone doesn't have or belongs to a culture just because his or her race, ethnic group or gender. His work relates to how environmental, socio-cultural conditions influence poor neighborhoods and their residents.  

6 0
3 years ago
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Which of the following tactics might public sector unions use to increase management's cost of disagreeing with the union positi
rjkz [21]

Answer:

D. All the above are legal tactics that the union can use to pressure management to accept the union's position on an issue.

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Each and everyone one of the options mentioned above are tactics adopted by the union in pressuring management to accept their position on most of the issues which they have or are arguing about.

5 0
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