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3 years ago

What is the main difference between renting and leasing?

Business

1 answer:

jenyasd209 [6]3 years ago

6 0

Answer:

C-When you lease you normally have a longer term contract and can't move

out early without paying big penalties.

Explanation:

The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days

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business to business is selling to a customer that is not the end of the consumer. which of these best describe the business to

ololo11 [35]

Answer:

so where's the Question?

5 0

2 years ago

Interstate 4 (i-4) and state road 408 are two major highways that affect traffic flows in orlando. motorists are not required to

Alexus [3.1K]

If at a given time of the day, the state road 408 is higly congested, then it could be considered to possess the properties of a COMMON PROPERTY GOOD.
There are four types of economic goods, these are: public goods, private goods, common property goods and club good.
Common properties goods are those goods which are characterised by rival consumption and non exclusion of non payers. Rival consumption implies that consumption by a user imposes limitations on what others can consume, but a user can not stop another user from enjoying the good. Common property goods are equally owned by everyone and are not controlled by anyone in particular, thus these goods usually need government intervention.

3 0

3 years ago

A process cost summary for a production department accounts for all costs assigned to that department during the period plus cos

tigry1 [53]

Explanation:

The process cost shows the summary of the activities related to the production. It includes the cost of goods completed & transferred units and the ending work in process inventory.

So, the given statement is true

The indirect cost are come under the manufacturing overhead cost. So, it would be charged to overhead control account

Thus, the given statement is false.

The direct labor includes that labor which is directly related to the production process of a product. So the single production department is likely to be a direct labor

Thus, the given statement is true.

To record the allocation of overhead, the following journal entry is required

Work in Process Inventory, Baking Dept A/c Dr $24,500

To Factory overhead A/c $24,500

(Being the overhead allocation is recorded)

The computation is shown below:

= Direct labor cost × allocation rate

= $10,000 × 245%

= $24,500

Thus, the given statement is true.

7 0

3 years ago

Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:

lesantik [10]

Answer:

Preferred shareholder (7,500*$100)*7% $52,500

Common shareholder (70,000×$2) $140,000

Total dividend $192,500

Date General Journal Debit Credit

10 June Dividend $192,500

To dividend payable $192,500

(To record dividends payable)

20 June No entry required

01 July Dividend payable $192,500

To cash $192,500

(To record dividend payment)

31 Dec Retained earning $192,500

To dividends $192,500

(To close dividend account)

7 0

3 years ago

All of the following statements regarding management accounting's role in assigning decision-making authority are true except: M

Olin [163]

Answer:

All statements are TRUE except Option "A"

Explanation:

Accounting control history is used for policy-making objectives, and historical information is redundant.

Managerial accounting is used for short-and long-term decision making that involve overall financial health. It helps businesses make administrative decisions–meaning to help increase the efficiency and productivity of the business–while also helping to make long-term investment decisions.

Therefore,all answers are correct except "A"

6 0

3 years ago